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.
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.
The Uniswap token rose over 38% after the introduction of a protocol fee switch and burning mechanism that could strengthen UNI.
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.
XRP price recovery could be hindered by stiff resistance at $2.80, as a recent 240% jump in profit-taking highlights investor caution.
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.
The high-leverage trader said he was “all-in,” betting on a Bitcoin decline below $92,000 despite the optimism surrounding the end of the 40-day US government shutdown.
After two consecutive weeks of outflows totaling $1.5 billion, assets under management in crypto ETPs fell to $207.5 billion, the lowest level since mid-July.