Crypto Rebounds After U.S. House Approves Funding Bill
Tuesday’s sharp and continuous sell-off in crypto markets cooled after the U.S. House narrowly approved a stopgap funding bill, which now awaits the president’s signature. The news removed an immediate tail risk, prompting short-covering and a modest rebound across major tokens as traders digested lower near-term political uncertainty. Volume ticked up as risk-on flows briefly returned to digital assets.
The development matters because clarity on federal funding reduces one clear macro shock that had amplified volatility in risk assets. That said, the situation remains conditional: the bill must be signed, and broader drivers like interest rates, economic data, and liquidity conditions will still shape momentum. Market participants are watching the final signing and funding details for any lingering surprises while managing position sizing given the potential for renewed swings.