Government Shutdown’s Impact Deepens: Crypto Markets Brace for Volatility

The US government shutdown is having a significant impact on both the economy and cryptocurrency markets. Bitcoin’s price plummeted due to liquidity constraints. Meanwhile, regulatory efforts and stablecoin rules are currently on hold. As Kevin Hassett, Chairman of the White House Council of Economic Advisers, highlights, the shutdown’s economic consequences extend beyond initial expectations, particularly affecting crypto markets.