Why Rep. Bryan Steil thinks the government shutdown won't delay crypto regulation: CNBC Crypto World

**Bitcoin Rebounds to $122,000 as Crypto Markets Show Resilience Amid Government Shutdown Concerns**

Bitcoin demonstrated strong recovery momentum, climbing back to the $122,000 level as the recent cryptocurrency market pullback appears to be stabilizing. The leading digital asset's price movement signals renewed investor confidence in the crypto space despite broader economic uncertainties.

Rep. Bryan Steil offered reassuring insights regarding cryptocurrency regulation timeline, suggesting that potential government shutdown scenarios are unlikely to significantly delay ongoing crypto regulatory frameworks. This perspective provides clarity for blockchain investors and DeFi market participants who have been monitoring regulatory developments closely.

The cryptocurrency market's ability to pause its recent decline while Bitcoin maintains support above $120,000 demonstrates the digital asset's growing institutional adoption and market maturity. Trading volumes and market sentiment indicators suggest that crypto investors remain optimistic about long-term blockchain technology adoption.

As regulatory clarity continues to evolve, Bitcoin's price stability around these elevated levels reinforces the cryptocurrency's position as a leading digital store of value. Market analysts are closely watching whether this recovery can sustain momentum through potential government policy changes and continued institutional investment flows.