Bitcoin Holds Above $105K; XRP Leads on ETF Optimism

Bitcoin (BTC) remains steady above $105,000 amidst speculation about a potential government shutdown resolution, which could lead to a liquidity boost of $150-$200 billion. This optimism is reflected in XRP's notable 8% increase due to expectations of a spot-based ETF. However, Zcash and Monero, which previously surged, have seen declines of 9% and 11% respectively. The U.S. government's ongoing shutdown, now lasting 39 days, poses risks to legislative progress on crucial crypto regulations, such as the CLARITY Act. If unresolved, it could stall the necessary regulatory clarity vital for institutional investment. Analysts indicate that resolving the shutdown could not only inject substantial liquidity but also provide a timely regulatory opportunity for the crypto sector. Meanwhile, major crypto equities also enjoyed gains, with Coinbase rising 4.1% and Robinhood up by 4.8%. Traditional markets have likewise rallied, indicating a positive risk sentiment amid these developments.

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