Bitcoin, Ethereum, and XRP Prices Rise. What Could Give Cryptos a Much-Needed Boost.

Sep 29, 2025 05:31:00 -0400 by George Glover | #Cryptocurrencies

Bitcoin is now trading about 11% off the record high it hit last month. (Michael M. Santiago/Getty Images)

Key Points

Bitcoin rose 2.4% to $112,223, trading 11% below its record high, possibly due to government shutdown uncertainty.
Ethereum, Solana, and XRP also saw gains, climbing 2.8%, 3.4%, and 3.5% respectively over 24 hours.
A potential U.S. government shutdown could boost cryptocurrencies as an alternative to fiat currencies, with the dollar down 0.2%.

Bitcoin was rising on Monday, likely benefiting from lingering uncertainty about a potential government shutdown.

The world’s largest token was up 2.4% to $112,223 over the past 24 hours, according to data from CoinDesk. It’s now trading about 11% off the record high it hit last month.

Created with Highcharts 9.0.1Sources: CoinDesk (Bitcoin); Kraken (Ethereum,Solana, XRP)

Created with Highcharts 9.0.1SolanaEthereumXRPBitcoinSept. 26Sept. 29-1012345678%

Ethereum climbed 2.8%, Solana rose 3.4%, and XRP added 3.5% over the past 24 hours, according to data from the Kraken crypto exchange.

The moves came with President Donald Trump set to host last-minute talks with congressional leaders in a bid to avoid a U.S. government shutdown.

Any funding lapse could be bad news for the broader market, but it might give cryptos a boost, as they’re an alternative to fiat currencies. The U.S. dollar was down 0.2% against a weighted basket of its peers on Monday, with some investors likely pivoting to Bitcoin and its peers.

Digital assets could do with a boost. While they rallied over the first few months of 2025, powered higher by a slew of positive regulatory developments, Bitcoin has traded pretty much flat since mid-July.

The token racked up some big losses last week, as crypto investors unwound bets that the Federal Reserve would cut interest rates aggressively. Lower borrowing costs tend to boost cryptos and other risk-on assets.

Write to George Glover at george.glover@dowjones.com