Prediction markets like Polymarket are currently pricing in a high probability (around 75–78%) that the U.S. government could face a shutdown before January 31, 2026. This surge in odds reflects political deadlock over federal funding and stalled negotiations in Congress.
This elevated shutdown risk has contributed to broader market caution, with total crypto market capitalization showing pressure and risk‑off sentiment spreading. Bitcoin, for example, has dipped below key levels near $88,000 as traders react to uncertainty.
At the same time, altcoins are showing pockets of strength today with trending gainers leading market action:
• $HYPE (Hyperliquid) — up significantly with high trading volume.
• $PUMP (Pump.fun) — posting strong percentage gains on rising activity.
• $CHZ (Chiliz) — showing steady gains on fan token demand.
While political risk and macro headlines contribute to volatility, short‑term token moves show that traders are also engaging with high‑activity altcoins alongside major market developments. This combination of macro uncertainty and selective momentum highlights how both fundamental news and trading behavior shape current crypto pricing.
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