CRYPTOCURRENCY MARKET RISES WITH THE US GOVERNMENT NOT SHUTDOWN
US House of Representatives Speaker Johnson's statement, "The government will not shut down. An agreement has been reached on government financing. The vote will be held today," had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) exceeded the $97,600 level again.
Government shutdowns usually create uncertainty in financial markets and negatively affect cryptocurrencies. However, this news that the government will remain open increased investor confidence and caused an increase in BTC and altcoins. Important price areas, especially in altcoins, have started to be retaken.
Analysts state that in addition to the government not shutting down, the US Federal Reserve's (Fed) plans to slow down interest rate cuts for 2025 could also have a positive impact on the markets. In addition, it is stated that the SEC's postponement decisions for spot Bitcoin ETF applications and the election process in the US have also had an impact on the cryptocurrency market.
Unless there is a big surprise for the weekend, it is expected that cryptocurrencies will be traded in a more comfortable environment.