The cryptocurrency market is experiencing another downturn, coinciding with statements from the White House Senior Advisor. Following a dip below $100,000, Bitcoin 
$62,511 managed to regain the threshold; however, what the market needs are closures above $102,400. These developments come at a time of economic uncertainty driven by prolonged government shutdowns in the United States, which have started to negatively affect risk markets due to their unprecedented length.
White House Announcements
White House Economic Advisor Hassett expressed optimism that the economy will rebound strongly as the government reopens. Initially, the government shutdown did not impact cryptocurrencies, but as it became the longest in history, it began to unfavorably affect risk markets. The resolution of this situation, with the release of economic reports, is expected to reduce uncertainty and increase risk appetite.
“We anticipate approximately 4% growth in the US economy in the third quarter. Trump is urging the Senate to evaluate other options. We have a clear legal mandate to allocate the funds set aside. Job creation and income growth remain positive. The US government shutdown may harm efficient governmental operations in the long run. The economic impact of the shutdown far exceeds expectations, with the travel and leisure sectors taking a significant hit. Growth prospects are terrific.”
Trump’s Latest Comments
Just minutes ago, Trump made the following statement:
“Republicans, end the filibuster and bring back the American dream. If you don’t, Democrats will, and you’ll never be in office again! Nancy Pelosi, who tried and failed twice to impeach me, has finally ‘given up.’ She amassed wealth illegally in the stock market, defrauded the American people, and was a disaster for America. I am pleased to see the end of Nancy Pelosi’s corruption!!!”
