Bitcoin Price Remains Stable Despite Partial US Government Shutdown

Bitcoin Price Remains Stable Despite Partial US Government Shutdown

Interestingly, some altcoins have made gains despite the uncertainty in the US.

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

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

In a 71-29 vote, the Senate gave the green light to a package of five bills, plus a two-week stopgap measure that would give lawmakers more time to resolve disputes over funding for the Department of Homeland Security.

The House of Representatives will vote on Monday to approve the final version of the deal, which will shutter the federal government for the second time during Trump’s current presidency. However, it is expected to be significantly shorter, as opposed to the record period of 43 days in 2025.

Russell Vought, director of the U.S. Office of Management and Budget, advised federal agency heads that their employees should “report for their next regularly scheduled tour of duty to undertake orderly shutdown activities.”

“The administration will continue to work with Congress to address the recently raised concerns and complete appropriations for fiscal year 2026. It is our hope that this period will be short-lived,” he said. added.

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

BTCUSD January 31. Source: TradingView

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

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