In cryptocurrencies today, pressure on the crypto market could ease as the US Senate struck a deal to end the government shutdown, Donald Trump says Americans could get a “dividend” of $2,000 in tariffs, and Robert Kiyosaki thinks Bitcoin will reach $250,000 by 2026.
Cryptocurrencies could be rescued as Senate terminates deal to end shutdown
The crypto market could soon see some much-needed relief after the US Senate reached an agreement on Sunday on a three-part budget to end the government shutdown, Politico reported.
CNN reported that the Senate passed the bill on a 60-40 vote Sunday night, falling just short of the minimum 60 votes needed for passage.
This is Republican Senate Majority Leader John Thune’s 15th attempt to win Democratic support for the House-approved bill, raising the possibility that a record 40-day government shutdown will end this week.
Continued uncertainty about when the U.S. government will reopen is a major factor holding back a rebound in Bitcoin (BTC) and the broader crypto market.
Bitcoin initially rose to a peak of $126,080 six days after the government shutdown on October 6, but has since fallen more than 17% to $104,370, according to data from CoinGecko.
Bitcoin’s decline over the past month began with a double-digit point drop on October 10 after US President Donald Trump’s announcement of 100% tariffs on China sent shockwaves through the market.
President Trump announces possible $2,000 tariff ‘dividend’
US President Donald Trump announced on Sunday that most Americans would receive a $2,000 “dividend” from the revenue collected from the tariffs, a deal currently under legal review before the US Supreme Court.
President Trump has argued that the executive branch has the right to impose tariffs on other countries and hinted at the possibility of dividends in a post on Truth Social.
“We have trillions of dollars flowing in, and we will soon begin paying down a massive $37 trillion debt. Investment in the United States is at record levels, plants and factories are being built everywhere. A dividend of at least $2,000 per person will be paid to everyone except the highest earners.”
While some market analysts hailed the move as positive for crypto prices, as economic stimulus and capital injections tend to flow into asset markets, others warned of the long-term negative impact the payments would have on the U.S. dollar and consumer purchasing power.
Robert Kiyosaki announces purchase, target is $250,000 Bitcoin and $27,000 gold
Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook on hard assets, saying he will buy more gold, silver, Bitcoin and Ethereum even as the market braces for a possible crash.
In a post shared with X on Sunday, Kiyosaki warned of an impending recession, but said he was preparing for it by accumulating assets he called “real money.”
“The Crash is Coming: Why I’m Buying, Not Selling,” he wrote, setting an ambitious goal of $27,000 in gold, $100 in silver, and $250,000 in Bitcoin (BTC) by 2026.
Kiyosaki attributed his gold prediction to economist Jim Rickards, and said the $250,000 Bitcoin target is consistent with his long-held view of Bitcoin as protection against the Federal Reserve’s “fake money.”
Altcoins’ seasonal signals are hidden in “weeks” of bearish BTC dominance: Analyst
The recent volatility in Bitcoin’s dominance could indicate that altcoin season is approaching sooner than many traders expected, according to one cryptocurrency analyst.
“The reason to be confident in altcoin price trends is because the Bitcoin dominance chart is looking bearish and has been for weeks,” crypto analyst Matthew Hyland said in an X post on Friday.
“It’s good to see a continued downtrend, so this relief rally is a bounce in a downtrend,” Hyland said. Hyland said in a separate video on Saturday that recent fluctuations in Bitcoin prices may have been orchestrated by traditional financial giants.
“Over the past month, I’ve maintained the view that a lot of this is actually just manipulation and essentially Wall Street trying to set itself up,” he asserted.