Bitcoin and Ethereum Rebound as U.S. Shutdown Resolution Approaches
- Bitcoin rose by 4.2% to $106,269, while Ethereum increased by 7.4% to $3,643.
- Traders expect the U.S. government shutdown to end soon, following a bipartisan deal reached in the Senate.
- Odds of the government reopening on November 12 surged significantly after the agreement was announced.
- Despite optimism, skepticism remains regarding the SEC’s approval timeline for a Cardano ETF before year-end.
- The FAA has ordered a reduction in flights due to ongoing disruptions from the shutdown.
As market sentiment improves with potential government funding resolution, both equities and crypto assets are showing signs of recovery after weeks of uncertainty. The recent rise in Bitcoin and Ethereum prices reflects this renewed confidence among traders.
With Bitcoin up to $106,269 and Ethereum at $3,643, traders are reacting positively to news of a possible end to the U.S. government shutdown.(Source)
