US Government Shutdown Ends, Crypto Market Sees Rebound
- President Trump signed a bill to reopen the US government after a record shutdown lasting 43 days.
- The House of Representatives passed the bill with a vote of 222-209, restoring pay for approximately 800,000 furloughed workers.
- Following the announcement, Bitcoin’s price increased over 1% to above $102,400, while Ethereum rose nearly 2% to $3,450.
- XRP saw a significant jump of nearly 4%, reaching $2.44 from a low of $2.32 in the last day.
- The global cryptocurrency market cap experienced a slight increase to $3.45 trillion within the past day.
The end of the longest US government shutdown has led to positive movements in major cryptocurrencies like Bitcoin and Ethereum. The reopening is expected to restore some stability in financial markets and improve investor sentiment.
As Bitcoin trades above $102,400 and Ethereum approaches $3,450, this rebound reflects renewed confidence in the crypto market following governmental stability.(Source)
