Here’s what happened in crypto today

Today in crypto, pressure on the crypto market could ease as the US Senate cut a deal to end a government shutdown, Donald Trump says Americans might get $2,000 tariff “dividend” and Robert Kiyosaki thinks Bitcoin will reach $250,000 by 2026.

Crypto could get relief as Senate cuts deal to end shutdown

The crypto market could soon see some much-needed relief after the US Senate reached an agreement on Sunday on a three-part budget deal to end the government shutdown, Politico reported.

CNN reported that the Senate passed the bills in a 60-40 vote on Sunday night, just clipping the minimum 60 votes needed to pass them.

It was Republican Senate Majority Leader John Thune’s 15th attempt to win Democratic support for a House-approved bill, putting the record 40-day government shutdown within reach of being lifted this week.

Ongoing uncertainty over when the US government would reopen has been a key factor holding back Bitcoin (BTC) and the broader crypto market from mounting a rebound.

Bitcoin initially rallied to a new high of $126,080 six days into the government shutdown on Oct. 6, but has since fallen over 17% to $104,370, CoinGecko data shows. 

Bitcoin’s fall over the past month saw it drop by double-digit percentage points on Oct. 10 after US President Donald Trump’s announcement of 100% tariffs on China sent shock waves throughout the markets.

Trump announces possible $2,000 tariff ‘dividend’

United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from revenues collected from tariffs, which are currently undergoing legal review by the US Supreme Court.

Trump maintained that the Executive Branch has the right to impose tariffs on other countries and floated the possible dividend in a Truth Social post:

“We are taking in trillions of dollars and will soon begin paying down our enormous debt — $37 trillion. Record Investment in the USA, plants and factories going up all over the place. A dividend of at least $2000 a person, not including high-income people, will be paid to everyone.”

Several market analysts celebrated the move as positive for crypto prices, as economic stimulus and capital injections tend to flow into asset markets, but others warned of the long-term negative impact of payouts on the US dollar and consumer purchasing power.

Robert Kiyosaki says he’s buying, targets $250K Bitcoin and $27K gold

Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash.

In a post shared on X on Sunday, Kiyosaki warned of an impending economic downturn but said he’s preparing for it by accumulating assets he calls “real money.”

“Crash coming: Why I am buying, not selling,” he wrote, setting ambitious targets of $27,000 for gold, $100 for silver and $250,000 for Bitcoin (BTC) by 2026.

Kiyosaki said his gold projection came from economist Jim Rickards, while his $250,000 Bitcoin target aligns with his long-held view of BTC as protection against the Federal Reserve’s “fake money.”

Altcoin season signals hide in ‘many weeks’ of bearish BTC dominance: Analyst

The recent volatility in Bitcoin’s dominance could be a signal that altcoin season is approaching sooner than many traders expect, according to a crypto analyst.

“The reason why you should have confidence in the altcoin price action is because the BTC Dominance chart looks bearish and has looked bearish for many weeks,” crypto analyst Matthew Hyland said in an X post on Friday. 

“The downtrend is favorable to continue; therefore, this relief rally has been a dead cat bounce in a downtrend,” Hyland said. In a separate video on Saturday, Hyland said that the recent volatility in Bitcoin’s price may have been orchestrated by traditional finance giants.

“Over the past month, I’ve kind of just maintained the view that a lot of this was really just manipulation, essentially for Wall Street to set themselves up,” he claimed.