Government Funding Extension Boosts Crypto Market Performance

According to Odaily, on November 10, data from SoSoValue indicates that the Senate has reached an agreement to extend government funding, resolving the government shutdown issue and reducing macroeconomic uncertainty. This development has positively impacted the cryptocurrency market, with Bitcoin (BTC) rising by 3.78% to surpass $105,000, and Ethereum (ETH) increasing by 7.03% to exceed $3,600. Additionally, the DeFi sector showed significant growth, climbing 5.35%, with Uniswap (UNI) up by 12.03% and Aerodrome Finance (AERO) rising by 14.58%. Notably, MAG7.ssi increased by 4.90%, DEFI.ssi rose by 6.19%, and MEME.ssi gained 4.08%. Other sectors also performed well, including the RWA sector, which saw a 24-hour increase of 5.16%, with Sky (SKY) and Keeta (KTA) rising by 5.97% and 13.76%, respectively. The PayFi sector grew by 4.94%, with COTI (COTI) surging by 60.71% and Monero (XMR) up by 8.73%. In other areas, the Meme sector increased by 3.86% over 24 hours, with Giggle Fund (GIGGLE) up by 20.96%. The Layer 1 sector rose by 3.11%, with Zcash (ZEC) gaining 11.93%. The CeFi sector climbed by 2.30%, with Aster (ASTER) up by 9.06%. The Layer 2 sector increased by 1.66%, with Starknet (STRK) rising by 9.34%. Indices reflecting historical trends in crypto sectors showed that ssiDeFi, ssiLayer1, and ssiRWA indices rose by 6.58%, 5.29%, and 4.92%, respectively.