Bitcoin News: Treasury Sec Blames Dems for Shutdown, Praises BTC

The US government shutdown is in its 31st day as of November 1, 2025. This is the second time in seven years that the closure has lasted more than 30 days. Political deadlock between Republicans and Democrats has suspended non-essential services.

In six days, 2025 will be the longest shutdown in US history. Amid this crisis, U.S. Treasury Secretary Scott Bessent commended Bitcoin’s reliability. He blamed Senate Democrats for the shutdown.

This Bitcoin news has piqued curiosity in BTC’s role during economic downturns. The shutdown’s impact is mounting, and the Bitcoin story is gaining traction as a reliable alternative.

Shutdown Hits 31 Days with Judicial Action

The government shutdown reached its 31st day on November 1, 2025. Traders on Kalshi, a prediction market, are forecasting that it may last 44.8 days. This would break the 35-day record from 2018-2019. The Congressional Budget Office estimated a $11 billion economic loss in that shutdown.

Two federal judges ruled on October 31, 2025, to release $6 billion for SNAP benefits. This followed a Trump administration block. The USDA had claimed contingency funds were for disasters, not shutdowns. The judges disagreed. This helps 42 million Americans avoid hunger.

Donald Trump posted on Truth Social. He said he directed lawyers to find a legal way to pay Supplemental Nutrition Assistance Program (SNAP) benefits. This came after the rulings. He called it an honor to provide funding. This echoes his 2019 pledge for military pay.

The shutdown stems from a funding dispute. Republicans control all branches. They blame Democrats for blocking bills. Democrats accuse the administration of political moves. The crisis shows no quick end.

Bitcoin News Shines Amid Government Failure

Bitcoin news is making headlines. Treasury Secretary Bessent marked the Bitcoin white paper’s 17th anniversary. He noted its 2008 white paper launch. Bitcoin has run non-stop for 900,000 blocks as of writing this report, per Blockchain.com data.

Bessent praised its decentralized design. He said it has no central failure point. This contrasts with the government shutdown. A 2019 Journal of Economic Perspectives study supports this. It shows decentralized systems can be more stable in crises.

Bessent, a former Soros-linked hedge fund manager, manages a $34 trillion debt. His Bitcoin support surprises some. It challenges the view that Bitcoin is a purely speculative asset. Bitcoin news highlights its resilience.

The cryptocurrency’s price is up around 20% so far this year, TradingView data shows. This is despite a 5% drop in October. Reuters reported this on October 31, 2025. Bitcoin’s stability draws attention. It stands firm as government services falter.

Economic Impact and Bitcoin News Relevance

The financial implications of the shutdown are increasing. Analysts predict a 0.1-0.2% drop in GDP every week. This comes to about $15 billion per week. The BBC stated that $800 million in federal contracts are lost every day. Consumer spending might fall by $30 billion if the shutdown lasts a month.

The White House Council of Economic Advisers constructed this assessment. Federal employees and contractors are feeling the strain. Many federal employees have not received their salaries.

The shutdown is likely to affect holiday spending. November and December are essentially the holiday season in the US. The judicial SNAP ruling eases some pressure.

Notably, states like Pennsylvania are preparing emergency measures. Bitcoin news gains traction as a haven. Bessent’s comments may signal policy shifts.

The U.S. national debt and shutdown are fueling interest in Bitcoin and Bitcoin news. The crypto is increasingly playing a central role in the US Economy. BTC price is up 20% year to date despite multiple shocks, including a negative ‘Uptober.

At press time, over the last 12 months, BTC was up almost 60%; however, significant short-term volatility is expected.

November and December will be watched closely for key macroeconomic signals for the US Economy. These signals, including the December FOMC policy rate decision, are likely to have a significant impact on BTC price.