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Shutdown-end bill passes U.S. Senate…sent to House of Representatives

Source
Son Min

Summary

  • It was reported that the U.S. Senate passed the bill to end the shutdown.
  • The market said there are expectations of U.S. government operations normalizing and of liquidity being supplied to risk-asset markets.
  • It was reported that the S&P 500 index, Nasdaq, and Bitcoin all recorded gains the previous day.
photo=Shutterstock
photo=Shutterstock

A bill to end the federal government shutdown appears to have been passed by the U.S. Senate. After House consideration and U.S. President Donald Trump's signature procedure, the U.S. government's operations will resume.

On the 11th (local time), Walter Bloomberg said on X (formerly Twitter), "The U.S. Senate passed a bill to end the federal government shutdown," adding, "The bill has been sent to the House."

The market expects that U.S. government operations will normalize, consumption will recover, and large-scale liquidity will be supplied to risk-asset markets.

The previous day, the Standard & Poor's (S&P) 500 index and the Nasdaq jumped 1.54% and 2.27%, respectively, compared with the previous session.

Bitcoin (BTC) also rose slightly. According to CoinMarketCap, at 11:39 a.m., Bitcoin was trading at $106,614, up 0.66% from the previous day.

Son Min

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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