U.S. Government Shutdown Extends Into Late November, Raising Economic and Crypto Market Concerns

The U.S. government shutdown has now surpassed one month, marking the longest closure in the nation's history. Analysts warn of escalating economic damage, with weekly costs estimated between $10 billion and $30 billion. Unlike previous shutdowns, this prolonged impasse threatens lasting harm amid high inflation and strained consumer confidence.

Polymarket traders predict a 56% chance the shutdown continues beyond November 16, delaying critical economic reports and creating uncertainty for investors. The crypto markets face heightened volatility as policymakers lose visibility into traditional economic indicators.

Should the shutdown extend through Thanksgiving, economists anticipate severe impacts on holiday spending—a scenario that could Ripple across both traditional and digital asset markets. The absence of government-reported data is forcing market participants to rely on alternative metrics, increasing the potential for mispricing risk across asset classes.