**Senate Breaks Deadlock with 60-40 Vote, Paving the Way for Government Reopening**
The Senate has ended a weeks-long deadlock with a decisive 60-40 vote, marking a significant step towards reopening the U.S. government. Following this development, the House of Representatives is expected to hold a swift one-day session to approve the same measure.
Chad Pergram, senior congressional correspondent for Fox News, reported that seven Democrats and one Independent joined Republicans to break the political stalemate that had kept the government shut down for weeks. The Senate voted 60-40 to “invoke cloture,” meaning enough senators agreed to move forward with voting on a bill that would reopen the government.
While the final vote has yet to occur, it could happen as soon as Monday, November 10. At this stage, the bill requires only a simple majority to pass. Once the Senate approves the legislation, the House plans to vote next, likely on November 12, in a “one-day-and-out” session.
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**Crypto Markets Show Signs of Relief Amid Government Shutdown Ending Prospects**
The government shutdown had stalled numerous processes, including financial market regulations, SEC approvals, and overall market oversight. This halt contributed to multiple waves of selloffs in financial markets, affecting cryptocurrencies heavily.
For example, Bitcoin (BTC) dropped below the $100,000 mark last week, entering what analysts described as “extreme fear” market conditions. However, with growing clarity around the government’s potential reopening, the cryptocurrency market is already showing renewed confidence.
According to data from CoinMarketCap, the global crypto market capitalization increased by 4.2% to $3.57 trillion, with a daily trading volume of $163 billion. Bitcoin has rebounded, breaking above the $106,000 level, while Ethereum (ETH) also gained, reaching about $3,600 amidst broader bullish momentum.
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**Looking Ahead**
It is important to note that the government is not officially open yet, but all indicators point toward a full reopening later this week. The bipartisan cooperation shown in the Senate vote may also signal less political chaos moving forward, potentially leading to a calmer environment that could stabilize financial markets, including cryptocurrencies.
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*Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage readers to verify information independently and consult with a professional before making any financial decisions based on this content.*
https://bitcoinethereumnews.com/tech/senate-moves-to-end-gov-shutdown/
