The US government shutdown sparks a rebound in the crypto market: Bitcoin, Ethereum, XRP, and Solana rise together. On February 14, it was reported that the US experienced a partial government shutdown due to the failure to pass a budget on time. However, against the backdrop of increasing political uncertainty, the cryptocurrency market defied expectations and rallied, with major assets such as Bitcoin, Ethereum, XRP, and Solana showing significant rebounds, driving the overall market capitalization to recover. Market data shows that in the past 24 hours, the total cryptocurrency market cap increased by nearly 5%, reaching approximately $2.38 trillion. After weeks of sustained volatility and declines, many investors remained on the sidelines, but this rebound injected new activity into the market. Although some analysts previously predicted that the shutdown would increase selling pressure, the actual trend has defied those expectations. Bitcoin is currently priced at about $69,765, up approximately 4.8% for the day. Despite a roughly 27% decline over the past month, signs of short-term stabilization are emerging. Ethereum held the $2,000 level, now trading at $2,085, up 3.07%, showing some defensive strength. XRP performed even better, trading at $1.44, with a single-day increase of over 6%, though its monthly decline remains close to 31%. Solana also gained strength, now at $86.25, up about 8% intraday, though it is still down roughly 40% from a month ago. Notably, the price rebound has not been accompanied by a corresponding increase in trading volume. Bitcoin’s 24-hour trading volume decreased by about 17%, and Ethereum also saw a slight decline, indicating that funds remain cautious. Market participants believe that this rally reflects more of an emotional recovery and short-term correction rather than a full trend reversal. On a macro level, the US government shutdown has heightened uncertainty about economic prospects. Some investors view cryptocurrencies as a hedge, which has driven short-term buying. Going forward, inflation, interest rates, and progress in fiscal negotiations will continue to be key factors influencing the direction of the crypto market.

BTC1,26%
ETH1,52%
XRP6,09%
SOL4,1%
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