Bitcoin, Ethereum, and XRP Rally as US Government Shutdown Resolution Nears
Bitcoin, Ethereum, and XRP Rally as US Government Shutdown Resolution Nears
Major cryptocurrencies experienced significant gains, with Bitcoin surpassing $106,000 for the first time in nearly a week and Ethereum rising over 7%. This market surge is attributed to the anticipation of an imminent end to the US government shutdown.
Crypto Markets React Positively to Political Developments
The cryptocurrency market saw a notable upturn following news that a resolution to the US government shutdown is likely. Bitcoin (BTC) led the charge, with its price crossing the $106,000 mark, a threshold not breached in almost seven days. This robust performance signals renewed investor confidence.
Similarly, Ethereum (ETH) demonstrated strong momentum, registering an impressive gain of more than 7% within a 24-hour window. XRP also showed positive movement, contributing to a broader market rally across leading digital assets.