Bitcoin and Ethereum Jump as U.S. Shutdown Nears Resolution
BTC rises above $106K, ETH surges 7% after bipartisan Senate deal
Cryptocurrencies rallied overnight as traders priced in a swift end to the U.S. government shutdown, boosting risk sentiment across crypto and broader markets.
Bitcoin (BTC) climbed 4.2% to $106,269, while Ether (ETH) gained 7.4% to $3,643, according to CoinDesk data, recouping some of last week’s losses as liquidity returned and macro uncertainty eased.
On Polymarket, odds of the government reopening by November 12 surged after Senate negotiators reached a bipartisan funding agreement late Sunday. The deal funds operations through January 30, reverses recent federal layoffs, and secures a December vote on extending Affordable Care Act tax credits — key provisions that drew support from at least eight Democratic senators.
Just a day earlier, traders had assigned a 63% probability that the shutdown would drag past November 16. President Trump later told reporters, “We’re getting close to the shutdown ending,” reinforcing expectations of a mid-week resolution.
Market and Policy Notes
Some government services remain disrupted, with the FAA reducing flights by 4% and the USDA temporarily halting food-stamp payments. Nonetheless, markets are responding positively to the near-term fiscal clarity.
Regulatory expectations for crypto remain muted. The probability of a Cardano (ADA) ETF approval by year-end has fallen from 90% to 38%, reflecting limited SEC bandwidth after the shutdown.
Market Snapshot
- BTC: +4.2% to $106,269 — lifted by improved risk sentiment.
- ETH: +7.4% to $3,643 — outperforming majors amid renewed liquidity and short-covering.
The rally underscores how quickly cryptocurrencies react to political developments, with Bitcoin and Ethereum leading the way.
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