Last updated on December 17th, 2025 at 02:54 pm
Quick Breakdown
- The US Senate has secured enough votes to advance a deal ending the government shutdown.
- Bitcoin’s price decline has been driven mainly by political and economic uncertainty.
- Prediction markets suggest the shutdown could end this week, potentially boosting crypto sentiment.
The US crypto market may soon see a shift back into positive territory, following renewed progress in Washington to end the record-breaking government shutdown. According to a Politico report, US senators have secured enough support to advance a three-part funding package that would reopen the government once an official vote is held.
🚨 UPDATE: the U.S. Senate is about to take a KEY procedural vote to END the Schumer Shutdown.
10 Senate Dems have said they’re voting with us. WH is on board.
Here’s a timeline breakdown of what happens next.
Should be a matter of time.👇 pic.twitter.com/ImAc3LNt79
— Markwayne Mullin (@SenMullin) November 10, 2025
Bipartisan support clears key hurdle
The proposed legislation has already surpassed the 60-vote threshold needed to move through the Senate, signaling broad bipartisan cooperation. The effort is led by Republican Senate Majority Leader John Thune, who has reportedly made numerous attempts to win over Democrats after the House approved its version of the spending bill.
If approved, this deal would bring an end to the 40-day shutdown, one of the longest in U.S. history. The final vote remains pending.
Crypto market hinges on political resolution
Lingering uncertainty around the shutdown has weighed heavily on Bitcoin and the broader crypto market. Bitcoin surged to a fresh high of $126,080 on October 6, shortly after the shutdown began, but has since dropped over 17%, currently trading around $106,408, according to CoinGecko data.
The decline deepened after President Donald Trump announced sweeping 100% tariffs on Chinese imports, which sparked renewed market volatility. Trump and Chinese Communist Party leader Xi Jinping recently met in South Korea to reduce trade tensions and stabilize global markets.
Prediction markets expect the shutdown to end this week
Betting platforms are signaling confidence that the shutdown is nearing its close. Prediction market Polymarket currently reflects a 54% probability that the government will reopen between Tuesday and Friday. Rival platform Kalshi shows similar expectations, projecting an end on Friday, which would mark 44 days of government downtime.
The political developments come alongside Trump’s announcement that most Americans will soon receive a $2,000 payout funded from tariff revenue, excluding high-income earners. The move is expected to inject additional liquidity into US households.
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