The House of Representatives narrowly passed a funding package Tuesday by a vote of 217-214, meaning the government will reopen from its partial shutdown as soon as President Donald Trump signs the bills into law. 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 – has halted a panic-stricken plunge in crypto prices on Tuesday that saw bitcoin fall to as low as $72,800, the weakest level since before Trump’s November 2024 election victory.
At $74,800, bitcoin is still down 4.5% over the past 24 hours. Ether at $2,181 is down 7% over the same time frame and 26% over the past week. Other majors like XRP and solana experiencing similar declines.
US stocks are also up from the worst levels of the day, but remain significantly 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’s woes
