The 43-day government shutdown in the United States is about to end, but a complete return to work may take another week. Here comes the problem: the payroll system needs to be re-distributed, the loans and applications that have piled up over 43 days need to be cleared, and federal employees need to receive back pay… It looks optimistic, right?
But this time the market reaction was completely unexpected. After the government reopened, BTC actually fell below 90,000 USD, with stocks, gold, and cryptocurrencies all declining, and panic sentiment reached a peak. Analysts believe that the chain reaction following the “1011 liquidation” has not fully played out, and altcoins are in a messy situation.
Economic costs are also heart-wrenching: for every additional week of shutdown, the U.S. economy loses between $10 billion and $15 billion. Although back pay and resumed spending can make up for some of it, economists say that some losses cannot be recovered.
Opportunities in the Crypto Space: On the contrary, the prediction market has become the new trend. After the Intercontinental Exchange invested in Polymarket, the valuation of the prediction market has skyrocketed, and the expectations for airdrop value are at an all-time high—this wave might just kick off the next round of airdrop wealth.
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The "opening" after the US government has brought its aftereffects, but the crypto market has not seen a rebound.
The 43-day government shutdown in the United States is about to end, but a complete return to work may take another week. Here comes the problem: the payroll system needs to be re-distributed, the loans and applications that have piled up over 43 days need to be cleared, and federal employees need to receive back pay… It looks optimistic, right?
But this time the market reaction was completely unexpected. After the government reopened, BTC actually fell below 90,000 USD, with stocks, gold, and cryptocurrencies all declining, and panic sentiment reached a peak. Analysts believe that the chain reaction following the “1011 liquidation” has not fully played out, and altcoins are in a messy situation.
Economic costs are also heart-wrenching: for every additional week of shutdown, the U.S. economy loses between $10 billion and $15 billion. Although back pay and resumed spending can make up for some of it, economists say that some losses cannot be recovered.
Opportunities in the Crypto Space: On the contrary, the prediction market has become the new trend. After the Intercontinental Exchange invested in Polymarket, the valuation of the prediction market has skyrocketed, and the expectations for airdrop value are at an all-time high—this wave might just kick off the next round of airdrop wealth.