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U.S. Government Shutdown Predictions Shift Following Hassett's Remarks
Key Points:* Forecasters adjust outlook on U.S. government shutdown, influenced by a White House statement.
Hassett’s statement has alleviated fears, impacting economic sentiment and potentially stabilizing cryptocurrency market volatility influenced by ongoing federal funding uncertainty.
Hassett’s Remarks Boost Shutdown Resolution Optimism
Major developments emerged as Kevin Hassett, Director of the White House National Economic Council, projected the U.S. government shutdown might end soon. Hassett’s remarks caused a shift in forecaster sentiment on Polymarket, where optimism about a quick resolution increased. 36% now predict the shutdown will end by October 26; previously, expectations of prolonged closure were higher.
Influences on sentiment emerged as Hassett suggested resolution prospects, reflecting potential easing of market unease. The shutdown had previously intensified uncertainty, affecting government operations and market dynamics. A quicker resolution, as foreseen by current forecasts, would likely stabilize financial conditions and investor confidence.
Cryptocurrency Market Stability Amid Shutdown Concerns
Did you know? Past government shutdowns, such as the 35-day cessation in 2018-2019, demonstrated minimal direct impacts on major cryptocurrencies, though they did introduce market volatility, affecting investor confidence and causing occasional turbulence in financial forecasts.
Bitcoin (BTC) is currently priced at $111,101.04 with a market cap of $2.21 trillion, as of October 20, 2025, according to CoinMarketCap.