The post US Senate Vote on Government Funding Sparks Bitcoin Surge to $120,000 appeared on BitcoinEthereumNews.com. Key Points: US Senate’s imminent vote on funding could impact markets, Bitcoin affected. Bitcoin briefly reached $120,000, signaling potential market shifts. Market reactions remain cautious amid funding uncertainty; no direct regulatory actions yet. On October 3rd, the U.S. Senate plans to vote again on a temporary funding bill to prevent a prolonged federal government shutdown. This funding uncertainty influences cryptocurrency markets, causing volatility with Bitcoin and Ethereum, as investors remain cautious amid potential liquidity risks and broader financial impacts. Bitcoin Surpasses $120,000 Amid Market Volatility and Growth Cryptocurrencies experience volatility, notably Bitcoin, which surpassed $120,000 on October 3rd, highlighting the market’s sensitivity. Market observers and institutions remain focused on potential outcomes and reactions. Despite market fluctuations, Bitcoin continues to garner institutional interest. Citibank has increased future price targets for Bitcoin and Ethereum, reflecting ongoing positive sentiment. Bitcoin briefly reached $120,000, signaling potential market shifts. “It is unlikely for the Senate to vote over the weekend.” — Mitch McConnell, US Senate Republican Leader Market Overview Did you know? Bitcoin’s price volatility has historically attracted both retail and institutional investors, influencing market dynamics significantly. Bitcoin (BTC), currently valued at $120,111.06, holds a market cap of 2,393,597,634,321.00 and dominates 57.92% of the market. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05:25 UTC on October 3, 2025. Source: CoinMarketCap The Coincu research team suggests potential institutional expansions in crypto, driven by growing acceptance and strategic investments. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/markets/us-senate-vote-government-funding/The post US Senate Vote on Government Funding Sparks Bitcoin Surge to $120,000 appeared on BitcoinEthereumNews.com. Key Points: US Senate’s imminent vote on funding could impact markets, Bitcoin affected. Bitcoin briefly reached $120,000, signaling potential market shifts. Market reactions remain cautious amid funding uncertainty; no direct regulatory actions yet. On October 3rd, the U.S. Senate plans to vote again on a temporary funding bill to prevent a prolonged federal government shutdown. This funding uncertainty influences cryptocurrency markets, causing volatility with Bitcoin and Ethereum, as investors remain cautious amid potential liquidity risks and broader financial impacts. Bitcoin Surpasses $120,000 Amid Market Volatility and Growth Cryptocurrencies experience volatility, notably Bitcoin, which surpassed $120,000 on October 3rd, highlighting the market’s sensitivity. Market observers and institutions remain focused on potential outcomes and reactions. Despite market fluctuations, Bitcoin continues to garner institutional interest. Citibank has increased future price targets for Bitcoin and Ethereum, reflecting ongoing positive sentiment. Bitcoin briefly reached $120,000, signaling potential market shifts. “It is unlikely for the Senate to vote over the weekend.” — Mitch McConnell, US Senate Republican Leader Market Overview Did you know? Bitcoin’s price volatility has historically attracted both retail and institutional investors, influencing market dynamics significantly. Bitcoin (BTC), currently valued at $120,111.06, holds a market cap of 2,393,597,634,321.00 and dominates 57.92% of the market. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05:25 UTC on October 3, 2025. Source: CoinMarketCap The Coincu research team suggests potential institutional expansions in crypto, driven by growing acceptance and strategic investments. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/markets/us-senate-vote-government-funding/

US Senate Vote on Government Funding Sparks Bitcoin Surge to $120,000

2025/10/03 13:34
Key Points:
  • US Senate’s imminent vote on funding could impact markets, Bitcoin affected.
  • Bitcoin briefly reached $120,000, signaling potential market shifts.
  • Market reactions remain cautious amid funding uncertainty; no direct regulatory actions yet.

On October 3rd, the U.S. Senate plans to vote again on a temporary funding bill to prevent a prolonged federal government shutdown.

This funding uncertainty influences cryptocurrency markets, causing volatility with Bitcoin and Ethereum, as investors remain cautious amid potential liquidity risks and broader financial impacts.

Bitcoin Surpasses $120,000 Amid Market Volatility and Growth

Cryptocurrencies experience volatility, notably Bitcoin, which surpassed $120,000 on October 3rd, highlighting the market’s sensitivity. Market observers and institutions remain focused on potential outcomes and reactions. Despite market fluctuations, Bitcoin continues to garner institutional interest. Citibank has increased future price targets for Bitcoin and Ethereum, reflecting ongoing positive sentiment.

Bitcoin briefly reached $120,000, signaling potential market shifts.

Market Overview

Did you know? Bitcoin’s price volatility has historically attracted both retail and institutional investors, influencing market dynamics significantly.

Bitcoin (BTC), currently valued at $120,111.06, holds a market cap of 2,393,597,634,321.00 and dominates 57.92% of the market.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05:25 UTC on October 3, 2025. Source: CoinMarketCap

The Coincu research team suggests potential institutional expansions in crypto, driven by growing acceptance and strategic investments.

Source: https://coincu.com/markets/us-senate-vote-government-funding/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Strange $55,868,599 XRP Transfer Lands in Ripple Account: What’s Going On?

Strange $55,868,599 XRP Transfer Lands in Ripple Account: What’s Going On?

The post Strange $55,868,599 XRP Transfer Lands in Ripple Account: What’s Going On? appeared on BitcoinEthereumNews.com. This morning, data from Whale Alert showed that 18,744,800 XRP, worth around $55.9 million, were transferred from an unidentified wallet to one of Ripple’s main accounts. The unknown source and direct route to the crypto company of course caught the attention of traders who monitor these flows for insights into how Ripple manages its XRP holdings. Those who closely follow these movements, such as “XRPwallets” account” say the process is familiar. Ripple brings tokens back into its main account before redistributing them into different channels, such as On-Demand Liquidity corridors, exchange-traded products, custodial structures and investment vehicles.  While this makes the transfer less mysterious, the lack of context around the timing leaves room for speculation in the market. Here’s how XRP price reacted As for the trading side, XRP is currently at around $2.99. Support is at $2.93, and resistance is at $3.05. The daily chart shows the price staying within this narrow range, but the hourly charts show quick drops toward $2.95 that are matched by quick rebounds.  For traders, it is pretty simple: if it breaks above $3.05, it could go toward $3.20, but if it weakens back below $2.90, it will probably test the lower range again. XRP/USD by TradingView It not not the most Ripple has done, but the context makes it a big deal. The market is taking more of an interest in how Ripple handles its reserves, on top of the growing interest from institutions and the new talks about possible privacy features in the XRP Ledger.  In that case, a $55 million transfer is less of a regular adjustment. Source: https://u.today/strange-55868599-xrp-transfer-lands-in-ripple-account-whats-going-on
Share
BitcoinEthereumNews2025/10/06 16:47
Share