U.S. Senate Votes to End Government Shutdown, Impacting Markets

The U.S. Senate voted to end a 40-day government shutdown, which has significantly impacted financial markets and cryptocurrencies. The vote, requiring a minimum of 60 votes, fell short at 56 for and 40 against. This prolonged shutdown has drained $700 billion from the market, leading to increased funding costs and volatility in cryptocurrency markets. The move comes as experts warn that the shutdown poses risks to GDP growth. 60-day government shutdowns have not been this long since 2018/2019. Cryptocurrency markets experienced significant sell-offs, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) suffering substantial outflows and heightened volatility.