Crypto Market Rebounds as US Government Shutdown Nears End
- The Senate voted 60-40 to advance a funding bill, facilitating the end of the longest US government shutdown.
- Bitcoin price surged over $106,000, marking a more than 4% increase in the last day.
- Ethereum (ETH) rose by approximately 7%, currently trading at $3,622.
- XRP experienced nearly a 10% price jump within the same period, with increased trading volume.
- The global cryptocurrency market cap increased by over 4.5%, reaching $3.57 trillion.
The bipartisan agreement in the Senate is expected to enable the SEC to make decisions on pending crypto ETFs, which has contributed to positive market sentiment among traders.
With Bitcoin reclaiming $106,000 and ETH rising to $3,622, the crypto market is showing signs of recovery following recent downturns.(Source)
