As reported by BeInCrypto, the US federal government appears close to reopening after 40 days of political gridlock, with crypto traders speculating on potential market impacts. Bitcoin rose nearly 3% in the last hour, trading at $104,501. Senate Democrats have signaled support for advancing bipartisan spending bills to end the shutdown, which has furloughed around 750,000 federal workers. Analysts noted a historical correlation between past government reopenings and Bitcoin rallies, though the relationship may be coincidental rather than causal. With $700 million in Bitcoin open interest added, traders are watching for signs of a potential price surge.
Bitcoin Rises as US Government Shutdown Near Reopening
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