- US Senate’s imminent vote on funding could impact markets, Bitcoin affected.
- Bitcoin briefly reached $120,000, signaling potential market shifts.
- Market reactions remain cautious amid funding uncertainty; no direct regulatory actions yet.
On October 3rd, the U.S. Senate plans to vote again on a temporary funding bill to prevent a prolonged federal government shutdown.
This funding uncertainty influences cryptocurrency markets, causing volatility with Bitcoin and Ethereum, as investors remain cautious amid potential liquidity risks and broader financial impacts.
Bitcoin Surpasses $120,000 Amid Market Volatility and Growth
Cryptocurrencies experience volatility, notably Bitcoin, which surpassed $120,000 on October 3rd, highlighting the market’s sensitivity. Market observers and institutions remain focused on potential outcomes and reactions. Despite market fluctuations, Bitcoin continues to garner institutional interest. Citibank has increased future price targets for Bitcoin and Ethereum, reflecting ongoing positive sentiment.
Bitcoin briefly reached $120,000, signaling potential market shifts.
“It is unlikely for the Senate to vote over the weekend.” — Mitch McConnell, US Senate Republican Leader
Market Overview
Did you know? Bitcoin’s price volatility has historically attracted both retail and institutional investors, influencing market dynamics significantly.
Bitcoin (BTC), currently valued at $120,111.06, holds a market cap of 2,393,597,634,321.00 and dominates 57.92% of the market.
The Coincu research team suggests potential institutional expansions in crypto, driven by growing acceptance and strategic investments.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/markets/us-senate-vote-government-funding/