Bitcoin surged to $111,711.03 following comments from White House Economic Advisor Kevin Hassett, who suggested a potential resolution to the U.S. government shutdown. During a CNBC interview, Hassett indicated that a bipartisan agreement could be reached soon, sparking a 2.1% rise in Bitcoin and gains in major U.S. stock indices.
Senate Democrats have rejected ten Republican proposals to end the shutdown, but an eleventh vote is scheduled for today. Republican Leader John Thune has proposed a deal including tax credit extensions sought by Democrats. At the time of reporting, Bitcoin was trading at $110,300.70, marking a 1.06% increase over 24 hours. Trading volume surged 42.4% to $61.49 billion, with open Bitcoin futures contracts valued at $72 billion.
Bitcoin Surges to $111K Amid Hopes of U.S. Government Shutdown Resolution
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