Bitcoin, Ethereum, XRP and Other Altcoins Drop in 24 Hours as Mid-Caps Soar

PANews reported on November 10th that Aster announced its third phase, Aster Dawn, ended on November 9th at 23:59 (UTC), and has now officially entered the fourth phase, Aster Harvest. This phase will be divided into 6 epoch-based settlement cycles, distributing a total of 1.5% of the total $ASTER supply, with 0.25% allocated per epoch, and will continue until December 21st at 23:59 (UTC). In addition, the third phase of airdrop inquiries will begin on December 1, 2025, and applications will open on December 15.

PANews reported on November 10th that Matrixport's chart analysis today indicates that the current pullback is approaching a favorable investment range. The RSI recently dipped to 35, and historically, technical buying activity tends to increase around this level; however, its sustainability still awaits confirmation from macroeconomic catalysts. Short-term catalysts include the expectation that the US government shutdown will be resolved this week, and Trump's hints at issuing approximately $2,000 in stimulus checks to the public, reminiscent of the retail investor frenzy driven by these checks in 2020-2021. In summary, given the recent net outflows from ETFs and the institutional wait-and-see approach, the rebound in Bitcoin is limited; the aforementioned catalysts alone are insufficient to drive a trend reversal, and further confirmation from both fundamental and liquidity factors is needed.

BitcoinWorld Critical Victory: US Senate Passes Temporary Budget Bill Ending Government Shutdown Crisis In a crucial political breakthrough, the US Senate has approved a temporary budget bill that resolves the looming government shutdown crisis. This decisive action brings relief to millions of Americans and federal workers who faced uncertainty about government operations and services. What Does the Temporary Budget Bill Accomplish? The newly passed temporary budget bill provides essential government funding through January, ensuring continuous operation of federal agencies and services. This stopgap measure passed with a solid 60-40 vote margin, demonstrating bipartisan support for keeping the government functioning. Following the bill’s approval, President Donald Trump expressed optimism about the shutdown ending soon. The temporary budget bill represents a practical solution that allows more time for comprehensive budget negotiations while preventing immediate disruption to government services. Why Was This Temporary Budget Bill Necessary? Government shutdowns create widespread consequences that affect: Federal employee pay and benefits Essential public services National park operations Economic stability and market confidence The temporary budget bill serves as a bridge solution, providing lawmakers additional time to reach consensus on longer-term funding arrangements. This approach prevents the damaging effects of a full government shutdown while maintaining critical operations. How Does the Political Process Unfold From Here? With the temporary budget bill now passed, attention shifts to the House of Representatives and presidential approval. The legislative process requires both chambers to agree on identical versions before the bill reaches the President’s desk for signature. This temporary budget bill success follows reports of senators reaching partial agreements earlier in the week. The 60-40 vote margin indicates significant cross-party cooperation, suggesting growing consensus around the urgency of avoiding a government shutdown. What Are the Immediate Impacts of This Decision? The passage of this temporary budget bill brings several immediate benefits: Federal workers can continue their duties without interruption Government services remain accessible to citizens Economic uncertainty decreases International confidence in US stability strengthens Moreover, the temporary budget bill creates a stable environment for businesses and individuals who rely on consistent government operations. This stability is crucial for maintaining economic momentum and public confidence. Looking Ahead: What Comes After This Temporary Budget Bill? While this temporary budget bill resolves the immediate crisis, it sets the stage for more comprehensive budget negotiations in the coming months. Lawmakers now have until January to develop a longer-term funding solution that addresses broader fiscal priorities. The successful passage of this temporary budget bill demonstrates that bipartisan cooperation remains possible in challenging political environments. It serves as a model for future negotiations and highlights the importance of pragmatic solutions over ideological standoffs. Frequently Asked Questions What is a temporary budget bill? A temporary budget bill, often called a continuing resolution, provides short-term funding to keep government operations running when full-year budgets aren’t approved by the deadline. How long does this temporary budget bill last? This specific temporary budget bill funds the government through January, giving lawmakers several months to negotiate a more comprehensive budget agreement. What happens if a temporary budget bill isn’t passed? Without a temporary budget bill or full budget approval, the government would partially shut down, furloughing non-essential workers and suspending many services. Can the temporary budget bill be extended? Yes, temporary budget bills can be extended if lawmakers need additional time to reach agreement on longer-term funding solutions. What services continue during temporary budget periods? Essential services like national security, air traffic control, and law enforcement continue, while non-essential services may operate with reduced staffing. How does this affect federal employees? Federal employees continue working and receiving pay during temporary budget bill periods, avoiding the uncertainty of potential furloughs. Found this analysis helpful? Share this article with others who need to understand how the temporary budget bill affects our government and economy. Your shares help spread accurate information about important political developments. To learn more about how government decisions impact financial markets, explore our article on key developments shaping economic policy and market reactions. This post Critical Victory: US Senate Passes Temporary Budget Bill Ending Government Shutdown Crisis first appeared on BitcoinWorld.