Bitcoin, Ethereum surge as US Senate advances bill to end government shutdown
Bitcoin and Ethereum prices rose significantly after the US Senate progressed with a bill to end the government shutdown, boosting market optimism.Summary
Bitcoin, Ethereum, and other major cryptocurrencies experienced a surge in value following news that the U.S. government shutdown may soon conclude. Bitcoin climbed 4.4% to $106,119, while Ether jumped 7.8% to $3,632. Experts like Peter Chung of Presto Research attribute this to the easing of market pressures caused by the shutdown's impact on liquidity. Vincent Liu of Kronos Research added that optimism surrounding the end of the shutdown, coupled with Donald Trump’s proposal of tariff dividends, fueled the rally. The reopening of the government is also significant as it will allow the Federal Reserve to access economic data for policy adjustments. Traders are now focused on the Senate deal's confirmation, details of Trump's plan, and upcoming inflation data.
(Source：The Block)