US Senate Ends Record Government Shutdown – Crypto Markets Poised to Rally?

Washington finally flips the switch. After 35 days of frozen budgets and furloughed workers, the Senate just passed a stopgap bill to reopen the government. But here's what Wall Street's missing: this could be rocket fuel for crypto.

Why? Three words: institutional FOMO. With traditional markets rattled by shutdown volatility, Bitcoin's 24/7, borderless nature looks increasingly attractive. And let's be real—after watching Congress play fiscal chicken for a month, who wouldn't want an asset class that bypasses political gridlock?

Watch for a liquidity surge as federal employees backpay hits wallets. Last shutdown's data showed a 17% spike in crypto purchases post-reopening. This time? With crypto ETFs now live and major custody solutions in place, that number could double.

Of course, the usual suspects will claim this is 'irrational exuberance.' Meanwhile, those same analysts are probably recalculating their year-end bonuses after missing BTC's 90% run this year. The decentralized economy doesn't wait for Senate votes—smart money already figured that out.

“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.

After 41 days of gridlock, the Senate has finally approved a bipartisan deal (60–40) to end the government shutdown. The House vote could happen by Wednesday and President TRUMP is expected to sign it soon. pic.twitter.com/tHaOUrmX0H

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.