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The potential end of the 40-day US government shutdown is decreasing “financial uncertainty” among investors, leading to growing institutional crypto accumulation.
Altcoin News
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The potential end of the 40-day US government shutdown is decreasing “financial uncertainty” among investors, leading to growing institutional crypto accumulation.
Several XRP ETFs appear on DTCC ahead of potential launches, as the token rallies following US Senate deal to end the longest-ever US government shutdown.
ZEC has reached its most overbought reading on record, increasing the risk of a sharp 60% or more correction in the coming weeks.
Once a simple stablecoin issuer, Tether now mirrors central bank mechanics with reserves, profits and policy-like decisions.
The Uniswap token rose over 38% after the introduction of a protocol fee switch and burning mechanism that could strengthen UNI.
The Senate passed a bill on Monday to end the record US government shutdown, while Bitcoin has been trending on social media as it surged 6.7% past $106,000.
Despite October’s crash, the end of the US government shutdown could bring “bulk approvals” for altcoin ETFs, catalyzing the next wave of institutional inflows, according to Sygnum.
Michael Saylor’s company increased its acquisition of BTC over the previous week by purchasing 487 coins to add to its $67 billion treasury.
Despite $1.7 billion in spot Bitcoin and Ether ETF outflows, whale accumulation and altcoin inflows continue to stabilize sentiment across the broader crypto market.
A Bitcoin rally through $112,000 could be brewing. Cointelegraph explains why the pending release of US economic data and the end of the government shutdown are good for BTC.