The House of Representatives narrowly approved a funding package on Tuesday by a vote of 217 to 214, meaning the government will reopen its partial shutdown as soon as President Donald Trump signs the bills. Lawmakers will negotiate more funding for the Department of Homeland Security over the next week and a half, but other major departments will receive funds.
The news, at least for the moment, has halted a panic-induced decline in cryptocurrency prices on Tuesday, in which Bitcoin fall to as low as $72,800, its weakest level since before Trump’s election victory in November 2024.
At $74,800, bitcoin is still down 4.5% in the last 24 hours. Ether at $2,181 it is down 7% over the same time period and 26% over the past week. Other big ones like XRP and sunny They are seeing similar declines.
US stocks have also recovered from their worst levels of the day, but remain sharply lower: the Nasdaq is now down 2% and the S&P 500 is down 1.3%.
Read More: Bitcoin Nears Weekend Low of $74,600 as Stock Sell-Off Adds to Crypto Woes
