XRP, Bitcoin and Ethereum stable, shares rise after U.S. Senate approval
The crypto market remained remarkably quiet on Tuesday, while equities worldwide showed relief. In the United States, the longest government shutdown in history appears to be finally coming to an end. The Senate agreed to a deal to reopen the government, and investors immediately reacted positively.
Bitcoin stable, stocks recover
Bitcoin hovered around 90,987 euros, down slightly 0.7 percent. Ethereum fell slightly harder, down 1.6 percent to 3,067 euros. Ripple was an exception with a slight increase of 0.8 percent to 2.14 euros. Overall, the global crypto market dropped about 0.7 percent, but there was no panic.
On the contrary, in Asia, most stock markets recovered significantly. South Korea’s Kospi rose 1.3 percent and Japan’s Nikkei also posted gains. Only in China did investors remain somewhat more cautious. In the U.S., futures of the S&P 500 were slightly plus, indicating that confidence is slowly returning.
End to political uncertainty
The U.S. Senate late yesterday approved a deal that ends the shutdown of more than 40 days. Government services will get money back until the end of January 2026, and employees can return to work. The House of Representatives is expected to agree this week, after which President Trump will sign the bill into law.
The deal not only brings relief to officials, but also calm to the markets. Investors had feared that a prolonged shutdown would cause economic damage and lower consumer confidence. Now that the impasse appears to have been broken, many investors are again opting for more risk, such as stocks and crypto.
Investors dare to take risk again
The political agreement caused investors to withdraw from so-called “safe havens” such as gold and government bonds. The dollar and the yen weakened slightly, while U.S. government bond yields rose again. According to analysts, this is a sign that the market is gearing up for more stability and possibly even growth.
The Federal Reserve is also playing a role in this. The central bank announced that it is not planning a rapid rate cut for the time being, which helps the market better align expectations. Less uncertainty at the Fed often also means less stress in the crypto market, where investors react quickly to changes in liquidity and risk.
New rules may help crypto
In addition to the political calm, analysts also see positive signs on the regulatory front. For example, the U.S. Senate is working on a bill that would more clearly define which regulator is responsible for crypto. Also, the Internal Revenue Service is considering new rules allowing crypto-ETFs and funds to earn rewards via strike.
Gracy Chen, CEO of Bitget, calls the developments promising. “A stable political environment and clear rules are exactly what this market needs,” she says. “That attracts new investors and increases liquidity. We might just see more big-money inflows by the end of the year.”