Debt ceiling, government closure when we say crypto currency Investors experience new fantastic experiences. At 22:40, Schumer from the Senate said, “The President of the House of Representatives sent the members to his home and he said. So what does the closure of the US government mean for crypto currencies? What does it mean for the US economy? We’il take a look at these.
US government closure
For the first time since 2018 The US government is closing. The previous closure was in Trump’s presidency, but it coincided with December. It continued for 35 days, the largest government in history was the closure. On average, this closure lasts 8 days and this year is expected to be solved at the weekend.
TKL shared the previous closing time with the following graph.
What is the US government closure?
The government stops all its activities except the services it deems necessary. For example, the units required for the implementation of the laws continue to operate, but approximately 750 thousand employees will be considered on leave in this period. So a lot of work will stop. Tomorrow, the closure will be finalized and today’s statements are already certain to close. BLS Reports It will also be delayed in this process, maybe even on Friday data can be disrupted?
How does the closing markets affect?
BTC price He approached 114,400 dollars and lingers at his daily summit. There is not much rise for subcoins. However, the closure usually had good results for the S&P 500. If a longer closure than 2018, Trump’s ridiculous steps do not rise up the markets, we will probably see more rise with the end of the closure.
Since 1995, the markets rose more during every closure period.
Trump announced today that the government will probably close and Kalshi contracts within 8 hours The closure of the government (07:00 TSI) gives 87 %possibility. The total number of jobs published on the US government’s website has declined to around 10,000 over 10,000 in a few days, so the closure is certain.
Gold could have more rise in this process and it has been pricing it for a while. A 45 %increase in annual gold closure can rise by 10 %. Gold will probably be 2025 if it will have the best year since 1979.
The dollar is depreciation and since 1973, we can say the worst year. Apollo believes that this DXY decline will lead to an increase in inflation.
