- U.S. Senate passes spending bill to avoid partial government shutdown.
- The House to vote on the bill by February 2.
- No immediate impact on crypto markets observed.
On January 31st, a partial U.S. government shutdown began following the Senate’s spending bill approval, pending a House vote scheduled for February 2nd.
This shutdown could impact various federal operations, but current reports indicate no direct effects on the cryptocurrency sector, with crypto leaders and assets remaining untouched.
Bipartisan Senate Approval Amid Shutdown Threat
The U.S. Senate’s passage of this funding package occurred amid government closure risks due to delay in House proceedings. Bipartisan support emerged, with key senators endorsing the measure for fiscal responsibility, following negotiations led by Susan Collins.
The House’s return to Washington is set for February 2, where a swift vote is anticipated. Members face the challenge of preventing an operational halt involving federal agencies without direct extensions for Homeland Security.
BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders.
Congress could end government shutdown drama once and for all if a more stable budgetary process is established, suggests a report by the Committee for a Responsible Federal Budget.
Community and market feedback remain minimal, with no reactions noted from major crypto figures or market players. Government shutdown guidance lacks specific references to cryptocurrency impacts.
Ethereum Market Update Amid Federal Uncertainty
Did you know? The last major shutdown lasted 43 days, serving as a critical benchmark in assessing current political dynamics and potential economic impacts.
Ethereum (ETH) trades at $2,707.55 with a market cap of $326.79 billion, reflecting recent price declines of 29.89% over 90 days, as reported by CoinMarketCap. Its 24-hour volume reached $40.53 billion with an observed 3.49% decrease.
The Coincu research team warns of potential financial disruptions without government intervention. Historical trends indicate that prolonged closures could result in liquidity challenges, affecting sectors beyond immediate federal operations.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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