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 […]

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 […]

Quick Facts: ➡️ $BTC’s pushback above $106K arrived alongside Senate progress on ending a 40-day US shutdown, improving near-term risk tone. ➡️ A shutdown resolution may not confirm the approval of crypto laws, but it removes a drag on sentiment and refocuses markets on flows and adoption. ➡️ Bitcoin Hyper targets Bitcoin-native speed and smart […]