Trump’s chief economic advisor, Kevin Hassett, stated that the government shutdown has resulted in the loss of around 60,000 non-federal jobs, cost the economy nearly $92 billion, and could lower Q4 GDP by 1.5%.
Democrats in the Senate have urged Trump to reinstate export restrictions on China.
At the time of writing, Bitcoin (BTC) is trading at $97,384, while Ethereum (ETH) stands at $3,212.
The Fear and Greed Index is at 22, indicating fear.
Key developments to watch today:
Market Event: The Crypto Fest 2025 conference will take place.
General Market Data: The U.S. Producer Price Index (PPI) will be released.
