Crypto Markets Surge After Budget Bill Passes, Signaling Recovery

Following the US Senate’s passage of a budget bill that clears the path for government reopening, the cryptocurrency market has seen significant growth. This positive development boosted investor confidence and contributed to a 4.6% increase in the market value, reaching $3.66 trillion. Notably, major cryptocurrencies like Bitcoin saw a 4% gain to $105,990, Ethereum climbed by 7%, XRP surged by 8.7%, and Solana increased by 6.5%. The market’s rebound also manifested in high open interest volume of around $148 billion and liquidations exceeding $338 million within the past 24 hours.