Crypto Markets Rebound as U.S. Shutdown Deal Nears and Fed Rate Cut Hopes Rise

A Washington deal is giving fresh life to global markets, and crypto traders are cautiously optimistic after weeks of turmoil. Relief is sweeping through digital assets, stocks, and futures amid the recent move to end the US government shutdown. Related Reading: Crypto Craze Sweeps Hedge Funds As 55% Add Digital Assets To Portfolios Senate Moves […]

Bitcoin surged past $105,000 on Monday, extending gains to trade near $106,000 as optimism over the U.S. government’s shutdown resolution revived risk appetite across global markets. Related Reading: US Gov’t Shutdown Deal Sparks Hope For Crypto Market Relief Reports of a Senate breakthrough to fund key departments and reopen government operations triggered a wave of […]

Bitcoin is down by 2.1% in the past 24 hours, and its latest decline has come at a moment when many traders expected the opposite. The US government shutdown is already in the process of winding down after weeks of uncertainty, yet the prices of Bitcoin and Ethereum have continued to drift lower and are under pressure.  The cryptocurrency market’s inability to rebound notably has led to active debate among traders on X. One of the most vocal views came from a popular trader known as The White Whale, whose remarks express a growing sense of frustration across the crypto community. The....

Technical chartists extended their Ethereum price target beyond $400 as the blockchain inched towards a major protocol upgrade. The ETH/USD exchange rate surged to its multiweek high near $378 last week amid a broader crypto market rebound. The new capital came following hopes of the second US stimulus package, a deal that remains stuck on […]

Quick Facts: 1️⃣ US government shutdown has frozen key economic data, making the Fed reliant solely on Friday’s CPI data release. 2️⃣ The Friday release is unusual – the first since 2018 3️⃣ Markets see a 98.4% chance of a 25 bps rate cut, a smaller chance of a 50 bps cut. 4️⃣ Any cut […]