This Monday, the price of Bitcoin (BTC) once again exceeded $105,000. This was driven by signs of a possible deal in the US Senate that would end the longest government shutdown in US history.
As seen in the following TradingView chart, The digital asset reached an intraday high of $106,300an increase of more than 3% in the past 24 hours.
A key bloc of eight centrist Democratic senators has broken with their party and allowed passage of a bipartisan bill to reopen the federal government after a 40-day shutdown.
The closure, which began on October 1, was due to the lack of a budget agreement. restricts the government’s administrative functions and stopped publishing official economic data. This includes reports on employment and inflation from CriptoNoticias.
The negotiated agreement includes interim measures to extend the loan until January. This comes in conjunction with a promise to put the Affordable Care Program tax credit extension on a future ballot. Senate Majority Leader John Thune It was confirmed that this vote could take place in mid-December.
A normalization of U.S. government activity would reduce the macroeconomic uncertainty impacting markets, particularly the Federal Reserve. The latter had to assess the possibility of rate cuts “in the dark”, without access to the usual indicators.
If Congress approves the deal within days, the longest government shutdown in U.S. history could end by the end of the week, making Bitcoin proactively reacting to a scenario that increases institutional stability.
(Tag Translate) Bitcoin (BTC)
