The U.S. House of Representatives narrowly passed a funding package with a 217-214 vote, allowing the government to reopen from its partial shutdown once President Donald Trump signs the bills. This development has temporarily halted the sharp decline in cryptocurrency prices observed earlier on Tuesday.
Bitcoin, which had fallen to $72,800, its lowest since November 2024, has stabilized at $74,800, though it remains down 4.5% over the past 24 hours. Ether is trading at $2,181, down 7% in the same period and 26% over the past week. Other major cryptocurrencies like XRP and Solana are experiencing similar declines. Meanwhile, U.S. stocks have rebounded from their worst levels of the day, with the Nasdaq down 2% and the S&P 500 down 1.3%.
Crypto Prices Stabilize as U.S. Government Reopens After Shutdown
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