The US Congress passed a stopgap funding measure on October 1, preventing a government shutdown. The Republican Party, which holds a majority in the US House of Representatives, was divided on the issue. After weeks of infighting, Speaker Kevin McCarthy announced the stopgap proposal and the bill passed the House with a bipartisan vote. The bill will keep the government open until November 17.

The US dollar index rose 0.8% after McCarthy’s announcement, while the S&P 500 index slid 1% lower. Bitcoin rose 10% in the previous seven days, breaching the $28,000 ceiling for the first time in six weeks. On-chain metrics hint at a bullish continuation in October, potentially bringing the alpha crypto to $30,000 by year’s end.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸 🇺🇦
Sentiment	neutral
Relevance Score	8
People	Kevin McCarthy, Donald Trump, Nancy Pelosi
Companies	US dollar index, US Senate, US House of Representatives, Republican Party, US Congress
Currencies	Ethereum, Bitcoin, US Dollar
Securities	None