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A few Somalis committing insurance fraud in Minnesota angered Trump; Trump sent ICE (Immigration and Customs Enforcement) to arrest people, but ICE overreacted and caused issues for American citizens; now the Democrats have a handle on the situation and are blocking the Department of Homeland Security's budget in Congress. What's the result? The entire US government is on the brink of shutdown again (probability jumped from 9% directly to 79%).
What's most ironic? American politicians are arguing, Wall Street is on holiday, and only the crypto world is taking a hit. Because over the weekend, only the crypto market is open, and all the panic funds betting on a US government paralysis are dumping into Bitcoin. It's like those insurance fraudsters hosting a party, only for the brothers buying Bitcoin to foot the bill in the end.
This is the current financial world—political noise is becoming, or even surpassing, economic data as the biggest short-selling force.