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#隐私币生态普涨 The U.S. federal government begins "paid leave" on October 1st? Wrong, it is an unpaid shutdown, and now it has reached the 38th day, recording the longest stoppage in history. Congress parties are still arguing over the budget issue, Republicans insist on the border wall, Democrats are shouting that it's just political theater, and the result? 800,000 federal employees are returning home to face the cold air, and the U.S. economy is losing $2 billion daily, with GDP expected to drop directly into a $14 billion hole.
What is more bizarre is the cascading reaction: the SNAP benefits system is crashing, the immigration office is shutting down, all oil and gas projects are frozen. This level of uncertainty has caused the traditional stock market to tremble, so what about the cryptocurrency market?
Those dealing with digital currencies should be clear about one thing – government shutdowns mean a "regulatory vacuum"! The SEC folks are busy closing their doors, ETF approvals? Let’s leave that aside. What will individual traders do during times of economic turmoil? They will turn to Bitcoin as a safe haven! Bitcoin trading volume in the spot market surged directly by 15% last night, and Ethereum also saw a rebound. Looking at history: during the 2018 shutdown, BTC rose directly from the bottom to double.
On the news front, the Senate is scheduled to vote on "reopening the government" on Friday, and the market gives a 70% chance of success. But the roots of the budget battle still remain, and it’s uncertain how things will develop later.
So here’s the question: were these shutdowns a surprising negative news for BTC, or were they indirectly positive news? Share your opinion in the comments section.
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