BTC bounces from multi-year low after House passage of funding bill
The House of Representatives very narrowly passed a funding package on Tuesday with a 217-214 vote, meaning the government will reopen from its partial shutdown as soon as President Donald Trump signs the bills. Lawmakers will negotiate further funding for the Department of Homeland Security over the next week and a half, but other major departments will be funded.
The news — for the moment, at least — has halted a panic-stricken plunge in crypto prices on Tuesday, which saw bitcoin fall to as low as $72,800, its weakest 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 at $2,181 is down 7% over that same time frame and 26%…
