U.S. Government shuts down; Crypto rallies on uncertainty
The U.S. government officially shut down on October 1, 2025, after Congress failed to agree on a budget. Disputes over spending and healthcare left agencies including the Fed, SEC, and CFTC paralyzed, delaying jobs and inflation data as well as ETF approvals for Solana and XRP.
Bitcoin, Ethereum, and other cryptocurrencies gained on Wednesday, with ETH up 4.2% to $4,330. Analysts said digital assets may be benefiting from pressure on the U.S. dollar, often seen as a trigger for crypto inflows.
Still, a prolonged shutdown could stall Fed rate-cut hopes by blocking key data releases. With borrowing costs already high, cryptos could face headwinds if the impasse drags on.
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