Crypto pulls out of free fall as government shutdown ends
CoinDesk
Bitcoin's sharp decline paused after the U.S. House narrowly passed a funding bill ending the government shutdown.Summary
A severe plunge in cryptocurrency prices, which saw Bitcoin hit its lowest level since before the November 2024 election, paused after the U.S. House narrowly passed a funding package on Tuesday with a 217-214 vote. This package, pending President Trump's signature, will reopen the government from its partial shutdown, though further funding negotiations for the Department of Homeland Security are scheduled. Despite the halt in the free fall, Bitcoin remained down 4.5% over 24 hours, and Ether was down 7% in the same period. U.S. stocks also rebounded slightly from their lows but remained significantly down.
(Source：CoinDesk)