{"id":90818,"date":"2025-11-10T10:31:36","date_gmt":"2025-11-10T07:31:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90818"},"modified":"2025-11-10T10:37:10","modified_gmt":"2025-11-10T07:37:10","slug":"prospects-of-ending-the-u-s-shutdown-perk-up-crypto-markets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/prospects-of-ending-the-u-s-shutdown-perk-up-crypto-markets\/","title":{"rendered":"Prospects of ending the U.S. shutdown perk up crypto markets"},"content":{"rendered":"

Bitcoin held above $105,000, rising more than 4% over the past 24 hours. At press time, the cryptocurrency trades near $106,000.<\/p>\n

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Hourly BTC\/USDT chart on Binance. Source: TradingView<\/a>. <\/figcaption><\/figure>\n

Ether rose 5.6% to $3,600.<\/p>\n

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Hourly ETH\/USDT chart on Binance. Source: TradingView<\/a>. <\/figcaption><\/figure>\n

Crypto market capitalisation increased by 4.4% to $3.6trn. All the largest digital assets advanced.<\/p>\n

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Source: CoinGecko<\/a>. <\/figcaption><\/figure>\n

The popular market sentiment gauge<\/a> returned to the \u201cfear\u201d zone.<\/p>\n

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Source: Alternative.me<\/a>. <\/figcaption><\/figure>\n

Why the bounce?<\/h2>\n

Markets may have been buoyed by improved investor sentiment after reports<\/a> of a bipartisan funding deal in the U.S. Senate. It was the first step towards ending the government shutdown<\/a>, which has lasted a record 40 days.<\/p>\n

A final vote on the bill is slated for November 10. It would then return to the House of Representatives before being sent to President Donald Trump for signature.<\/p>\n

Peter Chan, head of research at Presto Research, said the agreement helped ease market pressure.<\/p>\n

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\u201cThe prolonged shutdown of the U.S. government led to a reduction in liquidity. Removing this factor will open the way for a repricing of risk assets in a favorable macro environment \u2014 looser monetary policy, an end to trade disputes and likely fiscal support ahead of next year\u2019s midterm elections,\u201d he told The Block. <\/em><\/p>\n<\/blockquote>\n

Kronos Research\u2019s chief investment officer Vincent Liu agreed with Chan. He added that Donald Trump\u2019s new initiative also had a positive effect. The politician proposed<\/a> using tariff revenue to pay Americans $2,000 in dividends.<\/p>\n

BTSE\u2019s chief operating officer Jeff May stressed that ending the shutdown would allow the Fed<\/span> to access up-to-date economic data for decision-making.<\/p>\n

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\u201cMost importantly, economic data will be available again, giving the Fed more guidance when adjusting policy. Without data during the shutdown, the Federal Reserve likely just waited. Now we may see more active steps to stimulate the economy,\u201d he said. <\/em><\/p>\n<\/blockquote>\n

The trader known as Ash Crypto noted that the previous reopening of the U.S. government triggered a five-month bitcoin rally. During that period, the cryptocurrency rose by 300%.<\/p>\n

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The last time the U.S. government reopened after a shutdown, Bitcoin made a five-month rally, surging by over 300%. pic.twitter.com\/q6Muil7l8F<\/a><\/p>\n

\u2014 Ash Crypto (@AshCrypto) November 9, 2025<\/a><\/p><\/blockquote>\n