Bipartisan Deal in Sight to End U.S. Shutdown; Crypto Surges Despite Delays
A bipartisan agreement in the US Congress could soon end the ongoing government closure, which began on October 1, 2025. Meanwhile, cryptocurrencies have witnessed a surge in altcoins like Solana, Cardano, and Ripple, despite delays in crypto ETF approvals.
Over 100 spot crypto ETFs, including those for Solana and Ripple, are awaiting approval from the SEC. Analysts predict an uptrend in Q4, with Bitcoin potentially reaching above $120,000. However, the ongoing U.S. government shutdown could delay these approvals, as the SEC only responds to emergency situations during this period. Altcoin corrections due to these delays could present 'buy the dip' opportunities for investors.
Naval Ravikant's endorsement sparked a 100% rally in Zcash. Despite the 'Uptober' rally, holders may book some profits due to the current greed levels indicated by the crypto fear and greed index. Crypto ETF approvals, expected by mid-October, could be further delayed until the shutdown ends.
The bipartisan agreement in the US Congress could resolve the current government shutdown, potentially impacting the timeline for crypto ETF approvals. Despite delays, cryptocurrencies continue to show strength, with altcoins rallying and analysts predicting an uptrend in Q4. Investors should stay informed about potential opportunities and setbacks in the crypto market.
