💥 Gate Square Event: #PostToWinTRUST 💥
Post original content on Gate Square related to TRUST or the CandyDrop campaign for a chance to share 13,333 TRUST in rewards!
📅 Event Period: Nov 6, 2025 – Nov 16, 2025, 16:00 (UTC)
📌 Related Campaign:
CandyDrop 👉 https://www.gate.com/announcements/article/47990
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2️⃣ Content must be at least 80 words.
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🏆 Rewards (Total: 13,333 TRUST)
🥇 1st Prize (1 winner): 3,833
The senators have voted against it again, while the crypto market is already in turmoil. Bitcoin has fallen below $100,000, Ether has plummeted by 14 points in a day, and over 400,000 people have been liquidated across the network. This operation fully illustrates a principle: while politicians fight in Washington, it is always us traders who get hurt.
How did it suddenly crash?
Let's look at the timeline. The U.S. federal government shutdown has now entered its 36th day, setting a new historical record. The Senate has rejected the temporary funding bill 14 times in a row, and you read that right, it's 14 times. Now the aviation system is about to collapse, food relief has also been cut off, and the whole country is like a machine running out of fuel.
Looking at the political bickering scene again. Trump said the Democrats should be responsible for the shutdown, while the Democrats countered that the Republicans messed up healthcare. Both sides are arguing loudly, but in the end, no one benefits, and the market becomes the biggest victim.
The most critical issue is the data black hole. A government shutdown means that key economic data cannot be released, and the Federal Reserve is making decisions completely blindfolded. Investors are unable to see the direction and can only frantically sell off risk assets to protect themselves. This uncertainty spreads like a virus, and the cryptocurrency market is the first to be affected.
How bad is the market?
Bitcoin has fallen below the $100,000 mark for the first time since June. The monthly decline exceeds 18%, with a market value evaporating by more than $60 billion.