Crypto markets stabilized Tuesday after a sharp selloff eased following the U.S. House’s narrow approval of a government funding package, reducing immediate uncertainty tied to the partial shutdown.
The House passed the legislation by a 217–214 vote, sending the bills to President Donald Trump for signature and setting the stage for the government to reopen. While the agreement provides funding for most federal agencies, lawmakers will continue negotiations over the Department of Homeland Security budget in the coming days.
The funding breakthrough helped halt a panic-driven slide in digital assets earlier in the session. Bitcoin sank to an intraday low of $72,800—its weakest level since before Trump’s election victory in November 2024—before recovering modestly as the vote became known.
Bitcoin was last trading around $74,800, down roughly 4.5% over the past 24 hours. Ether declined about 7% to near $2,181 and is now down roughly 26% over the past week. Other major cryptocurrencies, including XRP and Solana, posted comparable losses.
U.S. equities also bounced off their session lows but remained under pressure. The Nasdaq was down about 2%, while the S&P 500 was lower by roughly 1.3%.
