Cryptocurrency markets steadied Monday as traders reacted to growing optimism that the U.S. government shutdown may soon end, potentially unlocking $150–$200 billion in liquidity, according to Arca’s research head.
Bitcoin (BTC) initially fell 1.5% to $102,756 at market open but rebounded to trade near $106,000 by late afternoon. Ether (ETH) slipped 0.5% to just under $3,600, while Solana (SOL) gained 1.1% to $167.
Among altcoins, XRP led the gains with a 9% jump, fueled by anticipation of a U.S. spot-based ETF launch. Zcash (ZEC, $455) and Monero (XMR, $386), which had seen strong rallies in recent weeks, cooled off, falling 9% and 11% respectively.
Crypto equities also climbed, with Coinbase (COIN) up 4.1%, Robinhood (HOOD) rising 4.8%, eToro (ETOR) gaining 9%, and Gemini (GEMI) up 5.2%. Traditional markets followed suit, with the S&P 500 up 1.6% and the Nasdaq climbing 2.2%.
Market sentiment received an additional boost from former President Donald Trump’s Sunday post proposing a $2,000 “tariff dividend” for Americans. Polymarket data shows an 86% probability that the shutdown could conclude between November 12–15.
Regulatory Concerns Persist
David Nage, head of research at Arca, cautioned that while the end of the shutdown could inject liquidity into markets, it has also delayed key U.S. crypto legislation, including the CLARITY Act and the Senate’s digital asset market structure bill.
“If digital asset legislation is postponed until 2026 and is then affected by midterm politics, the industry could miss out on the regulatory clarity needed to attract institutional capital,” Nage said.
He noted that committee offices remain closed, delaying crucial policy discussions. “If the shutdown ends this month, crypto markets could benefit from both liquidity and legislative clarity. If it extends into December, those opportunities may be lost.”
