Crypto markets halt slide following end of government shutdown

Crypto markets steadied on Tuesday after the U.S. House narrowly passed a government funding package, offering temporary relief from a sharp, panic-driven selloff earlier in the session.

The House approved the measure by a 217–214 vote, sending the legislation to President Donald Trump for signature and paving the way for the government to reopen from its partial shutdown. While most federal agencies will be funded, lawmakers will continue negotiations over funding for the Department of Homeland Security in the coming days.

The vote helped arrest a steep decline across digital assets. Bitcoin fell to an intraday low of $72,800—its weakest level since before Trump’s election victory in November 2024—before paring losses following the funding news.

Bitcoin was last trading near $74,800, down about 4.5% over the past 24 hours. Ether slid roughly 7% to around $2,181 and is now down about 26% over the past week. Other major tokens, including XRP and Solana, posted similar declines.

U.S. stocks also rebounded from their session lows, though losses persisted. The Nasdaq was down roughly 2%, while the S&P 500 fell about 1.3%.