As the first U.S. government shutdown since 2018 unfolds, markets brace for prolonged disruption that could last over a week if unresolved. The absence of official employment data this Friday, paired with strong ADP figures, reinforced expectations of potential rate cuts. Consequently, cryptocurrencies experienced another wave of growth following the release of PCE data, with Bitcoin leading the rally.
Amid the shutdown, former President Donald Trump proposed reimbursing citizens for tariffs through stimulus-like checks ranging from $1,000 to $2,000 a move reminiscent of pandemic-era relief efforts. This prospect of fresh liquidity boosted investor sentiment and contributed to Bitcoin’s upward momentum. Analysts suggest such measures could materialize ahead of the 2026 midterm elections.
According to White House Press Secretary Leavitt, Trump is set to meet Canadian Prime Minister Mark Carney on Tuesday and Finnish President Sauli Niinistö on Thursday, with a cabinet meeting also planned that day. Trump reportedly remains ready to sign a proposal to reopen the government once it reaches his desk, though officials acknowledge the process could take several more days.
Trade discussions with Canada will be a key agenda item, including potential tariff reductions though no final decisions have been made. Meanwhile, Bitcoin briefly surpassed $125,800, setting a new all-time high before stabilizing around $125,200. Investors now await upcoming ETF data expected later today, as crypto markets continue to respond positively to mounting fiscal uncertainty in the United States.