QCP Asia reports that the US Senate has passed a short-term funding bill, potentially ending the government shutdown this week and reopening the government until January 30, 2026. Polymarket forecasts a 96% probability of the shutdown ending before mid-November. Despite US market volatility, Bitcoin remains stable around $103,000 during the Asian session.
QCP Asia also highlighted that recent ADP and NFIB data indicate a softening US labor market, which may lead the Federal Reserve to maintain a cautious easing stance. While tariff tensions and credit volatility persist, potential interest rate cuts and strong corporate earnings could bolster Bitcoin and other risk assets into 2026.
US Government Shutdown Likely to End This Week, Bitcoin Steady at $103,000
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