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Recently, the market has suddenly become a bit restless. Have you noticed it?
This wave of market movement came quite suddenly. BTC surged from $102,000 to around $106,600, while ETH was even more impressive, jumping directly from $3,400 to $3,600, rising more than 7% in 24 hours. Mainstream coins are taking off, and those altcoins are also riding the wave of enthusiasm; the overall sentiment is indeed warming up.
The underlying reason is actually very clear – two pieces of news came from the U.S. On November 9th, Trump announced that he would give everyone at least $2000 in "dividends", and the next day he leaked to the media: the government shutdown is about to end. The Senate is currently voting, and it requires 60 votes to pass, currently just 1 vote short.
Speaking of the shutdown, it has really dragged on for a long time. Since October this year, the two parties have been arguing non-stop over budget issues, the government has run out of money, and various expenditures on social security and national defense have been stalled. Official data shows that every day of the shutdown burns through 1 billion dollars, with cumulative losses already in the hundreds of billions.
What’s more critical is the impact on confidence. Investors are afraid to act, as uncertainty is too high; institutional funds are starting to seek refuge in safe assets like government bonds; of course, the crypto market is also affected, and the overall atmosphere is quite oppressive.
If this situation can really be resolved, it would be a tangible benefit for the market. The recovery of liquidity and the rise in risk appetite are all visible changes. Of course, it ultimately depends on whether that vote can be cast.