U.S. Senate Passes Temporary Funding Bill, Extends Government Funding to January 30

The U.S. Senate has approved a temporary funding bill to extend government operations until January 30, providing short-term relief from the ongoing shutdown risk.According to a briefing by QCP, the measure is intended to avert an immediate government shutdown, though it still requires approval from the House of Representatives and a signature from the President before taking effect.Market Reaction: Bitcoin Stabilizes Around $103KFollowing the Senate’s approval, the crypto market reacted cautiously.Bitcoin (BTC) stabilized near $103,000 in the Asian trading session after falling during U.S. hours, reflecting mixed investor sentiment as traders assess the implications for liquidity and risk appetite.Weak ADP employment data added to concerns about a softening labor market, while the NFIB small business index showed declining sales expectations — reinforcing signs of economic slowdown ahead of key U.S. inflation data.Macro Outlook: Volatility Expected, But Supportive Factors RemainAnalysts from QCP noted that despite short-term volatility, Federal Reserve rate cut expectations and strong corporate earnings could continue to support risk assets, including Bitcoin, through the end of the year.Market participants are now focused on upcoming CPI data and FOMC communication, which could clarify the Fed’s policy trajectory into early 2026.