Bitcoin Value Skyrockets Following Trump’s Signature on Bill to Conclude Longest Ever US Government Shutdown
Bitcoin's value experienced a significant leap following the end of the record-breaking 43-day US government shutdown. President Trump signed a bill late Wednesday to reopen the federal government after the House passed a deal struck between Republicans and central Senate Democrats. The agreement will reinstate government day-to-day operations, reverse mass federal layoffs, and ensure government employees receive their paychecks. Trump referred to the legislation as a victory over Democrats, stating it sent a clear message against extortion. The conclusion of the extended government shutdown brought relief to cryptocurrency markets, with Bitcoin's value witnessing an immediate rise of nearly three grand. Other altcoins also saw an increase in value, with ZEC up by 12%, IP by 11%, and Ethereum reclaiming its position above $3,500.