Bitcoin and Ethereum Surge as U.S. Government Shutdown Nears End
BTC climbs above $106K, ETH jumps 7% on bipartisan Senate funding deal
Cryptocurrencies rallied overnight as traders bet the U.S. government shutdown will soon end, lifting risk sentiment and boosting major digital assets.
Bitcoin (BTC) rose 4.2% to $106,269, while Ether (ETH) surged 7.4% to $3,643, according to CoinDesk data, recovering part of last week’s losses as macro uncertainty eased and liquidity returned.
On Polymarket, the probability of the government reopening by November 12 jumped after Senate negotiators reached a bipartisan funding agreement late Sunday. The deal funds operations through January 30, reverses recent federal layoffs, and guarantees a December vote on extending Affordable Care Act tax credits — provisions that secured support from key Democrats.
Just a day earlier, traders had placed a 63% chance on the shutdown extending past November 16. President Trump told reporters, “We’re getting close to the shutdown ending,” reinforcing expectations of a mid-week resolution.
Market and Policy Notes
Short-term disruptions persist: the FAA reduced flights by 4%, and the USDA temporarily halted food-stamp payments. Meanwhile, expectations for a Cardano (ADA) ETF by year-end have fallen from 90% to 38% amid SEC bandwidth constraints.
Market Snapshot
- BTC: +4.2% to $106,269 — boosted by renewed risk appetite.
- ETH: +7.4% to $3,643 — outperforming majors amid short-covering and liquidity return.
The rebound highlights crypto’s sensitivity to political and fiscal developments, with sentiment driving rapid moves in Bitcoin and Ethereum.
