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

Bitcoin has maintained a price above $105,000 following a slight drop, helped by optimism around a potential resolution to the U.S. government shutdown. The likely injection of $150-$200 billion into the financial system has improved sentiment towards cryptocurrencies. XRP has emerged as a leader with an increase of over 8%, driven by expectations of a spot-based ETF trading on U.S. exchanges. In contrast, altcoins like Zcash and Monero have experienced declines after previous surges. While the shutdown could free up significant liquidity that may benefit crypto markets, it also poses risks to legislative efforts on cryptocurrency regulations. Should the shutdown persist, crucial bills related to digital asset regulation could be postponed, potentially hindering long-term growth in the sector. The volatility across the markets is underscored by rising equities in both cryptocurrency-related stocks and traditional markets, buoyed by the expectations of a government shutdown resolution.

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