
Jakarta, Pintu News – As the 43-day US government shutdown comes to an end, the crypto market is predicted to see an uptick in prices. Gracie Chen, CEO of crypto exchange Bitget, stated that the end of the shutdown reduces macroeconomic uncertainty, potentially strengthening institutional confidence and attracting substantial liquidity from traditional financial participants.
The government shutdown that ended on November 13 has paved the way for the restoration of investor confidence. Gracie Chen emphasized that this is a good time for crypto markets as it coincides with the launch of a bipartisan bill that hands over crypto oversight to the Commodity Futures Trading Commission. Both events are expected to be turning points for global financial markets.
According to Chen, this development signals the emergence of a mature regulatory environment. Such an environment is expected to support innovation without stifling growth, and increase predictability and trust in the cryptocurrency market.
Also Read: 5 Signals Ethereum (ETH) Has Reached the Bottom After Dropping 28 Percent?

During the shutdown, there was a decrease in liquidity in the crypto market and the price of major coins such as Bitcoin experienced a temporary drop. Alexander Peresichan, CEO of blockchain software developer Technobit, stated that the shutdown had created uncertainty in the market and encouraged investors to exit risky assets.
However, with the end of this political crisis, it is expected that there will be a positive impact on crypto prices. Risk-averse investors are expected to return to the market, which could improve liquidity and price stability.
Despite optimism from some quarters, Robin Singh, CEO of accounting platform Koinly, gives a more cautious view. According to him, Bitcoin may consolidate until November, moving sideways, and leaving traders expecting a year-end rally frustrated.
However, Alex Davis, CEO and founder of non-custodial digital banking provider Mavryk, argues that a period of relative calm may be on the horizon. Davis even stated that this could be the moment for Bitcoin to break out of its four-year cycle, which is generally affected by Bitcoin block reward cutting events.
With the end of the US government shutdown and the introduction of more mature regulations, the crypto market may be entering a new, more stable phase and is predicted to experience growth. Investors and market participants are expected to monitor this development closely, as it could be the beginning of a long-awaited bullish trend.
Also Read: 5 Facts about Bitcoin Price Drop to US$ 85,000 – Implications for Crypto Market!
Follow us on Google News to get the latest information about crypto and blockchain technology. Check Bitcoin price today, Solana price today, Pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
A1: The end of the US government shutdown reduces macroeconomic uncertainty, increases institutional confidence, and attracts liquidity, potentially pushing crypto prices up.
A2: The Commodity Futures Trading Commission is proposed to become a crypto watchdog through a bipartisan bill, which is expected to create a more mature regulatory environment and support the growth of the crypto market.
A3: There are mixed predictions; some experts expect Bitcoin to consolidate and move sideways, while others are of the opinion that it could break out of its four-year cycle and go up.
A4: Gracie Chen is the CEO of crypto exchange Bitget, who comments on the potential for crypto price increases following the US government shutdown and its effect on institutional trust.
A5: The US government shutdown lasted 43 days, starting from October 1 to November 13.