The House narrowly approved a funding package on Tuesday, 217-214, that means the government will immediately reopen from a partial shutdown once President Donald Trump signs the bills. Lawmakers will spend the next week and a half negotiating more funding for the Department of Homeland Security, but other major departments will also receive funding.
The news – at least for now – has stemmed a panicked plunge in cryptocurrency prices on Tuesday, in which Bitcoin It fell to a low of $72,800, its lowest level since before Trump’s election victory in November 2024.
Bitcoin price is at $74,800, still down 4.5% in the past 24 hours. ether The price is $2,181, down 7% from the same period and 26% from last week. Other majors such as XRP and Solana A similar decline has occurred.
U.S. stocks also rebounded from the day’s lowest levels, but are still sharply lower, with the Nasdaq currently down 2% and the S&P 500 down 1.3%.
Read more: Bitcoin nears weekend lows of $74,600 as stock selloff adds to crypto woes
