Bitcoin and Ethereum Surge as U.S. Shutdown Nears Resolution
BTC tops $106K, ETH climbs 7% on bipartisan Senate funding deal
Cryptocurrencies jumped overnight as traders bet the U.S. government shutdown will end soon, sending risk assets higher and easing market uncertainty.
Bitcoin (BTC) rose 4.2% to $106,269, while Ether (ETH) gained 7.4% to $3,643, according to CoinDesk data. The gains recoup some of last week’s losses as liquidity returned to the market.
On Polymarket, the probability of a government reopening by November 12 spiked after Senate negotiators reached a bipartisan funding agreement late Sunday. The deal funds federal operations through January 30, reverses recent layoffs, and ensures a December vote on extending Affordable Care Act tax credits — provisions that secured key Democratic support.
Just a day earlier, traders had seen a 63% chance of the shutdown dragging past November 16. Following the deal, President Trump told reporters, “We’re getting close to the shutdown ending,” signaling a resolution by mid-week.
Market and Policy Implications
Some disruptions remain. The FAA reduced flights by 4%, causing cancellations, and the USDA temporarily halted food-stamp payments. Nonetheless, equities and crypto markets are showing relief as fiscal operations near resumption.
Regulatory timelines, however, continue to weigh on crypto-specific expectations. The probability of a Cardano (ADA) ETF approval by year-end has dropped from 90% to 38%, reflecting limited SEC bandwidth after weeks of shutdown.
Market Snapshot
- BTC: +4.2% to $106,269 — benefiting from renewed risk sentiment.
- ETH: +7.4% to $3,643 — outperforming majors as macro uncertainty eases and liquidity returns.
The rally highlights how quickly crypto markets react to political and fiscal developments, with Bitcoin and Ethereum leading the way on sentiment-driven moves.
