US Budget Deal Calms Markets as Crypto Holds Steady

A temporary funding deal was reached in the U.S. to alleviate immediate concerns over a government shutdown, which has positively impacted market sentiment. Following this budget agreement, Bitcoin's price stabilized between $102,000 and $105,000, indicating a steady state in the cryptocurrency market. The overall market reaction reflects the digestion of recent U.S. political developments and softer labor data, contributing to a calmer economic environment. This development is significant as it helps to maintain investor confidence and stability in both traditional and cryptocurrency markets.