Stocks Soar as Trump Moves to Avert Government Shutdown - Crypto Markets Rally in Bullish Response

Markets surge as political uncertainty lifts - and digital assets join the party.

Traditional Finance Gets a Boost

Equities climb higher as the administration takes concrete steps to prevent a government shutdown. The political resolution fuels investor confidence across sectors.

Crypto Follows the Momentum

Digital assets react positively to the broader market optimism. Bitcoin and major altcoins see significant upward movement, proving once again that crypto markets move faster than congressional negotiations.

While traditional markets celebrate political bandaids, crypto continues building the actual future of finance - no shutdowns required.

Crypto market gains as stocks eye rally

The surge in stocks also reflected in the crypto market as Bitcoin (BTC) climbed to above $113,000 and Ethereum (ETH) hit $4,180. Overall gains saw the global crypto market cap rise 2.7% to $3.88 trillion.

Investors will weigh reports that TRUMP is set to meet congressional leaders from both Republicans and Democrats. The meeting between the president and lawmakers is set for the Oval Office in the afternoon on Sept. 29, as Trump looks to gain support for a move aimed at averting a halt to federal funding.

A shutdown beginning Wednesday is likely, and Wall Street sees this as potentially highlighting the risk that such a MOVE could pose for the highly anticipated monthly jobs report.

However, investors remain optimistic heading into October, and Wall Street is keen on a positive outcome from Trump’s Oval Office meeting. Also on the agenda is the upcoming jobs report, which will be crucial in investors’ assessment of the Federal Reserve’s next interest-rate move.

Economic data releases last week had the market pricing in two quarter-point rate cuts from the Fed in the next two meetings. Cryptocurrencies could be on a tear should risk-on sentiment build amid fresh Fed cuts.