The House of Representatives narrowly passed a funding plan Tuesday by a 217-214 vote, meaning the government will reopen after its partial shutdown as soon as President Donald Trump signs the bills. Lawmakers will negotiate additional funding for the Department of Homeland Security over the next week and a half, but other major departments will be funded.
The news – at least for now – halted the panicky crypto price fall on Tuesday that saw Bitcoin falling to $72,800, its lowest level since before Trump’s election victory in November 2024.
At $74,800, bitcoin is still down 4.5% over the past 24 hours. Ether to $2,181, a drop of 7% over the same period and 26% over the past week. Other majors like XRP and Solana experience similar declines.
US stocks have also rebounded from their worst levels of the day, but remain sharply lower, with the Nasdaq now down 2% and the S&P 500 down 1.3%.
Read more: Bitcoin nears weekend low of $74,600 as stock sell-off adds to crypto woes
