US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?
The US Senate has passed a bill late Monday night to reopen the government after the longest shutdown lasting 40 days. Crypto in America journalist Eleanor Terrett revealed that the amended appropriations bill is now heading to the House for approval.🚨JUST IN: The Senate has passed the amended appropriations bill to reopen the government. The bill now heads to the House and the Senate will be out for the rest of the week.As one source of mine put it: “I thought they wouldn’t be done until later tonight but they sped…— Eleanor Terrett (@EleanorTerrett) “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. — Dr Armageddon (@DrArmageddon01) 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 ShutdownPrediction market Polymarket on Monday forecasted that the shutdown would end soon this week . 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,” . “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 CryptoThe 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 . 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.