Author
Sujha Sundararajan
Author
Sujha Sundararajan
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The US Senate has passed a bill late Monday night to reopen the government after the longest shutdown lasting 40 days. Crypto in America journalist Eleanor Terrett revealed that the amended appropriations bill is now heading to the House for approval.
“I thought they wouldn’t be done until later tonight, but they sped through that shit. They want out of this town,” Terrett posted on X, quoting a source.
The Senate’s approval of the deal (60-40) will move to the House vote on Wednesday, before heading to the president’s desk for signing.
President Trump told reporters on Monday afternoon that he supported the deal, describing it as “very good.” He is expected to sign the legislation into law as soon as the House acts.
Prediction Markets Flood With Betting to End Govt Shutdown
Prediction market Polymarket on Monday forecasted that the shutdown would end soon this week with a probability of 96%. Meanwhile, odds on its rival Kalshi spiked from as low as 43% last week to 92% on Monday.
Justus Parmar, CEO of venture capital firm Fortuna Investments in Miami, predicted that the US shutdown to end this week.
“The great news is that, as long as there is no disaster, I think the government will reopen this week,” he told BBC. “They still need to get some approvals… but finally, for the first time over 40 days, this looks like the best shot of opening the government.”
What it Means to Crypto
The news of the Senate deal over U.S. shutdown optimism triggered a 6.7% surge in Bitcoin on Monday. The largest crypto rose to $106,000; however, prices retraced as traders locked in gains.
With Bitcoin still down 11.85% over 90 days, traders remain quick to secure profits amid fragile confidence. BTC is currently trading at $105,333 at press time, per CoinMarketCap data.
Ethereum (ETH) showed a slight jump to $3,636 before slumping to $3,550, while Ripple (XRP) climbed over 2%.
The House vote on the bill, which is expected by November 12, could trigger further highs, while delays could reignite volatility.
https://cryptonews.com/news/us-senate-passes-bill-to-reopen-longest-government-shutdown/
