Lawmakers work to pass crypto market structure bill amid US government shutdown: Report

💡 DMK Insight

Senate Republicans missing their crypto bill deadline could shake market confidence. As October wraps up, the uncertainty around regulatory clarity is palpable. Traders are keenly aware that delays in legislation can lead to increased volatility, especially in the crypto space. If the bill doesn’t pass, we might see a sell-off as investors react to the lack of regulatory support. This could impact not just cryptocurrencies but also related assets like blockchain stocks, which often move in tandem with market sentiment. On the flip side, if the bill is eventually passed, it could provide a much-needed boost to the market, potentially reversing bearish trends. Traders should keep an eye on key resistance levels in major cryptocurrencies and be prepared for sudden price swings. Watch for any announcements or updates from Senate Republicans, as these could serve as immediate catalysts for price movements in the coming days.