Bitcoin rose over 4% recently, trading above $84,000 as risk-on assets rallied after the U.S. government seemed to avert a shutdown. Earlier in the day, Bitcoin had topped $85,000 for the first time in five days. Factors contributing to this recovery included lower-than-expected inflation numbers and the perception of easing geopolitical risks. Strahinja Savic from FRNT Financial noted that some investors bought the dip, aiding the rise. The increase followed Senate Minority Leader Chuck Schumer's support for a Republican funding measure to prevent a government shutdown. However, broader concerns about economic stagnation and rising inflation remain, evidenced by a drop in the University of Michigan Consumer Sentiment Index. Other cryptocurrencies also performed well, with Solana and Chainlink increasing significantly. Major equity indexes, including the Nasdaq and S&P 500, also closed higher after facing recent corrections. Despite this positive momentum, Joe DiPasquale from BitBull Capital cautioned that volatility and significant corrections might lie ahead.

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