Bitcoin Price Holds Steady Despite Partial US Government Shutdown

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Interestingly, some altcoins have charted gains despite the US uncertainty.

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Summarize with AI

Summarize with AI

Although the Senate passed a package of funding bills at the end of the business week, the US government still shut down partially on Saturday morning.

Nevertheless, House Speaker Mike Johnson noted that the chamber is expected to pass the Senate-approved funding deal on Monday as the POTUS outlined his support for it. Perhaps that’s the reason why BTC remained relatively calm following the Thursday storm.

With a 71-29 vote, the Senate greenlighted a package of five bills, plus a two-week stopgap measure that provides lawmakers with more time to work out disputes over funding for the Department of Homeland Security.

The House of Representatives will vote to approve the final version of the deal on Monday, so the federal government has shut down for the second time during Trump’s current presidency. However, this one is expected to be significantly shorter, unlike the record 43-day period in 2025.

US Office of Management and Budget Director Russell Vought advised federal agency heads that their employees “should report to work for their next regularly scheduled tour of duty to undertake orderly shutdown activities.”

In the light of this new sort of uncertainty in the world’s largest economy, bitcoin’s price has remained relatively stable. The asset tumbled hard on Thursday to a multi-month low of $81,000 but managed to recover some ground on Friday and Saturday morning and now sits close to $84,000.

BTCUSD Jan 31. Source: TradingView

Some altcoins have even charted more notable gains, such as XMR (11%), CC (8.5%), and HYPE (6%). SOL is also up by 4%.

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Source: https://cryptopotato.com/bitcoin-price-holds-steady-despite-partial-us-government-shutdown/