US Government Faces Shutdown Risk: Bitcoin and Altcoins Could Be Shaken - Coin Bulletin

The US government is at risk of a partial shutdown due to the lack of consensus among lawmakers. This situation could cause turbulence in the Bitcoin and altcoin markets.

The U.S. House of Representatives rejected the temporary spending bill prepared by the Republicans with 235 votes against 174. This situation increased the possibility of a partial shutdown as the government's funding is set to expire at midnight on Friday. If the shutdown occurs, public services such as border security and national parks will come to a halt, and the salaries of more than 2 million federal employees will be cut off.

Republican leaders had arranged the bill to suspend the debt ceiling and extend government spending until March at the request of Trump. However, the failure of the bill to pass and Congress's inability to find a solution increases the risk of a US government default.

The cryptocurrency market may be affected

This uncertainty has led to tension in financial markets, strengthening the tendency of investors to escape from risk. Cryptocurrency markets may also be negatively affected by these developments. Especially the prices of major assets such as Bitcoin and Ethereum may come under selling pressure due to economic and political uncertainties. Experts recommend that investors be cautious against market volatility.