US House Passes $1.2 Trillion Bill to End Government Shutdown, Bitcoin Recovers

TLDR

• The US House of Representatives passed a $1.2 trillion funding bill with a 217-214 vote to end a four-day partial government shutdown
• President Donald Trump is expected to sign the legislation, which funds most federal agencies through September 30
• The Department of Homeland Security received only two weeks of funding, requiring additional negotiations on ICE and Border Patrol budgets
• Bitcoin rose about 2% to $74,620 following news of the bill’s passage after dropping to $72,800 earlier in the day
• The Senate continues discussions on digital asset market structure legislation, with the Banking Committee markup still not rescheduled after Coinbase CEO opposed the current version

The US House of Representatives approved a funding package on Tuesday to reopen most federal agencies after a four-day partial government shutdown. The chamber passed the $1.2 trillion bill with a narrow 217-214 vote.

The Senate had already approved the measure. President Donald Trump is expected to sign the legislation and reopen the government.

The funding package covers most federal operations through September 30. However, the Department of Homeland Security only received funding for two weeks.

This short-term funding means lawmakers must return to negotiate budgets for Immigration and Customs Enforcement and Border Patrol. Democrats provided some support for the bill despite concerns over immigration enforcement provisions.

The four-day shutdown only partially limited government operations. This event was much shorter than the 43-day shutdown in 2025.

That longer shutdown delayed congressional efforts on several bills. Digital asset market structure legislation was among the delayed measures.

Bitcoin Price Rebounds on Shutdown News

Bitcoin showed a positive reaction to the funding bill news. The cryptocurrency rose approximately 2% to $74,620 after the House vote.

Earlier in the day, Bitcoin had fallen to $72,800. This marked its weakest level since before Trump’s election victory in November 2024.

The price recovery halted what analysts described as a panic-stricken plunge in crypto markets. At $74,800, Bitcoin remained down 4.5% over 24 hours.

Ether traded at $2,181, down 7% over the same period. The cryptocurrency also dropped 26% over the past week.

Other major cryptocurrencies like XRP and Solana saw similar declines. US stock markets also bounced from their lowest points but remained lower for the day.

The Nasdaq was down 2% while the S&P 500 fell 1.3%. The government reopening will likely result in the release of January’s jobs report from the US Bureau of Labor Statistics.

The report was initially scheduled for Friday. Unemployment data in these reports can impact US economic policy and financial markets.

Crypto Legislation Still Under Discussion

The Senate Agriculture Committee voted last week on a digital asset market structure bill. The vote followed partisan lines with no Democratic amendments included.

This legislation is expected to be one of the most important bills affecting the crypto and banking sectors. The Senate Banking Committee will handle the version dealing with the Securities and Exchange Commission.

The Banking Committee postponed its markup after Coinbase CEO Brian Armstrong opposed the current bill version. Armstrong stated he would not support the legislation as written.

Reports indicate lawmakers continue to meet and discuss the bill. As of Tuesday, the committee had not rescheduled the markup session.

The end of the shutdown allows Congress to resume work on this legislation. The brief funding gap for Homeland Security means lawmakers face immediate budget negotiations in the coming weeks.

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