US President Donald Trump has officially signed a bill ending the longest-ever US government shutdown. Bitcoin (ETH), Ethereum (ETH), XRP, and the broader crypto market saw a slight bounce.
US Government Shutdown Officially Ends as President Trump Signs Bill
President Donald Trump just signed a bill to reopen the US government after 43 days, the White House said. This comes following a 222-209 vote by the House of Representatives to pass a bill to end the government shutdown.
“The Democrats shutdown has inflicted massive harm. They caused 20,000 flights to be cancelled or delayed” Trump said. “They deprived more than 1M government workers from their paychecks and cut off food stamp benefits of millions and millions of Americans in need,” he added.
The bill has restored pay for 800,000 furloughed workers and resumed services, but omits extensions for Affordable Care Act subsidies and SNAP protections.
Earlier this week, the Senate voted 60-40 to advance a funding bill to end the government shutdown. Democrats and Republicans reached a bipartisan agreement after 14 unsuccessful attempts.
Today, White House Press Secretary Leavitt just said the October CPI and jobs data will likely never be released due to the Schumer shutdown. Moreover, Financial Services GOP Chairman French Hill released a statement regarding the longest shutdown in U.S. history finally coming to an end.
Bitcoin, Ethereum, XRP Rebound
Bitcoin, Ethereum (ETH), XRP and the broader crypto market saw a much-needed rebound as Trump ended the government shutdown. The global market cap saw a slight bounce to $3.45 trillion over the last 24 hours.
BTC price reclaims above $102,400, up more than 1% in the last 24 hours. The 24-hour low and high are $100,836 and $105,297, respectively.
In the options market, both open interest and trading volume continue to rise, with a notable increase in out-of-the-money option trades. This indicates growing divergence among market participants regarding future outcomes, reflected in slight increases across major implied volatility maturities.
ETH price jumped nearly 2% in the last few hours, with the price currently trading at $3,450. The 24-hour low and high are $3,373 and $3,586, respectively.
Meanwhile, XRP price has jumped nearly 4% to $2.44 from the 24-hour low of 2.32 over the past 24 hours. Trading volume and futures open interest also spiked in the last 24 hours.
Source: https://coingape.com/president-donald-trump-signs-bill-to-end-government-shutdown-bitcoin-bounce/
