Bitcoin Drops to $72.8K, Bounces After Government Shutdown Bill Passes
Bitcoin Drops to $72.8K, Bounces After Government Shutdown Bill Passes
📉 Bitcoin's $30M Problem
Bitcoin fell to $72.8K before recovering after the U.S. government passed a bill preventing a shutdown. The drop triggered $30M in DeFi liquidations across the ecosystem.
Key Points:
- Price volatility linked to political uncertainty around government funding
- Quick recovery following legislative clarity
- DeFi protocols experienced significant liquidation pressure
- Market remains sensitive to regulatory and political developments
The incident highlights ongoing correlation between traditional political events and crypto market movements. Read the full analysis for what traders should watch next.
📊 Bitcoin’s drop to $72.8K immediately saw a decent bounce after clarity was provided by a passed bill, preventing a U.S. government shutdown. However, there were still $30M in DeFi liquidations. Our insight explores the volatility, and what's next. 👇 app.santiment.net/insights/read/…
DeFiChain Leads Yield Farming Development Rankings in New Santiment Screener
Santiment has launched a new screener tracking yield farming projects by development activity, measured through GitHub repository data. **Top 10 Projects by Development Activity:** - DeFiChain ($DFI) - Aave ($AAVE) - Yearn Finance ($YFI) - Beefy Finance ($BFI) - Gearbox ($GEAR) - ApeSwap ($BANANA) - Alchemix ($ALCX) - Yield Basis ($YB) - Inverse Finance ($INV) - QuickSwap ($QUICK) The screener uses Santiment's methodology for analyzing development activity across project repositories, providing insights into which teams are actively building. Rankings will be updated monthly to track movement on the leaderboard. [Learn about the methodology](https://medium.com/santiment/a-different-look-into-blockchain-ecosystem-development-activity-f34f32180482) [Access the screener](https://app.santiment.net/screener/yield-farming-38761?utm_source=x&utm_medium=post&utm_campaign=x_yield_farming_screener_b_020426?fpr=twitter)
🏦 Major Banks Embrace Crypto as Vanguard Opens ETFs to 50M Clients
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Ethereum Leads Development Activity Rankings for Second Consecutive Month
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US-China Trade Agreement Announcement Sparks Market Rally
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