Crypto markets found some footing on Tuesday after a bruising selloff eased in the wake of a narrowly approved U.S. government funding deal, tempering fears tied to the partial shutdown.

The House of Representatives passed the funding package by a 217–214 margin, sending the legislation to President Donald Trump for signature and clearing the way for the government to reopen. While the agreement secures funding for most federal agencies, lawmakers will continue talks on financing the Department of Homeland Security over the next several days.

The development helped calm a sharp, panic-driven slide in digital assets earlier in the session. Bitcoin briefly dropped to $72,800, its lowest level since before Trump’s election victory in November 2024, before stabilizing as the funding news emerged.

Bitcoin was last trading around $74,800, down roughly 4.5% over the past 24 hours. Ether fell about 7% to near $2,181 and remains down roughly 26% over the past week. Other major cryptocurrencies, including XRP and Solana, also posted steep losses.

U.S. equity markets likewise rebounded from their worst levels of the day, though they remained under pressure. The Nasdaq was down about 2%, while the S&P 500 slipped roughly 1.3%