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- Bitcoin jumped above $106,000 as the U.S. Senate reached a deal to end the 40-day government shutdown.
- The end of the shutdown allows the SEC to resume decisions on pending crypto ETF approvals, including the first spot XRP ETF.
Bitcoin rebounded above $106,000 for the first time in almost a week after U.S. lawmakers reached a breakthrough to end a 40-day government shutdown, the longest in American history.
The U.S. Senate voted 60-40 to pass a bipartisan funding package, implying a near-end to a prolonged shutdown that disrupted federal operations and strained investor confidence. The measure, which has the backing of both Democrats and Republicans, builds on a modified House-passed bill.
It provides pay for furloughed federal workers and guarantees a vote in December on the extension of important health care tax credits.
The negotiations were spearheaded by eight Democratic senators, including Angus King, Jeanne Shaheen, and Maggie Hassan. President Donald Trump hinted earlier in the day that an agreement was imminent, telling reporters, “It looks like we’re getting close to the shutdown ending. You’ll know very soon.”
.@POTUS: "It looks like we're getting close to the shutdown ending. You'll know very soon." pic.twitter.com/Qp2qR1DeaF
— Rapid Response 47 (@RapidResponse47) November 10, 2025
Following the Senate vote, risk assets across the board, from equities to cryptocurrencies, rose as traders anticipated a surge in liquidity and spending once government operations resume.
Crypto Market Regains Momentum
Bitcoin soared more than 3% in 24 hours to regain $105,000, recouping from multiple dips below $100,000 experienced during the later stages of the shutdown. The intraday lows were hit around $101,521, and the highs were around $106,564, according to CoinGecko data. Open interest in Bitcoin futures rose by almost $700 million.
Ethereum followed suit, increasing by more than 5% to trade near $3,622. Its 24-hour range was from $3,383 to $3,600. XRP and Solana both experienced gains of roughly 6%, with XRP’s daily gains occasionally reaching 10% due to increased trading volumes and futures activity. The global crypto market capitalization increased more than 3.9% to $3.57 trillion.
Market analysts said that optimism surrounding Trump’s plan to distribute $2,000 dividends from tariff revenues added more fuel to risk-on sentiment.
The end of the prolonged U.S. government shutdown will enable the Securities and Exchange Commission (SEC) to make decisions on several pending applications for crypto exchange-traded funds (ETFs). During the shutdown, the agency was unable to meet key final deadlines on multiple ETFs, resulting in a steep sell-off in Bitcoin, Ethereum, XRP, and the broader crypto market.
With federal operations resuming, analysts expect regulatory momentum to resume in a short time. ETF specialist Nate Geraci noted that the reopening could “unlock the crypto ETF floodgates.” He further stated that the first XRP ETF, filed under the 1933 Securities Act, is expected to launch this week.
Historical Patterns Suggest Further Upside
Analysts are comparing the current setup to the 2019 post-shutdown rally. According to market analyst Ash Crypto, Bitcoin has experienced a surge and increase of more than 300% in the five months since its 2019 reopening, rising from roughly $3,550 to $13,000.
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
— Ash Crypto (@AshCrypto) November 9, 2025
Prediction markets reflected the optimism. Polymarket data showed the odds of a shutdown resolution this week doubled from 27% to 54%, while Kalshi predicted a Friday resolution to the 44-day standoff. With the shutdown resolution looming and stimulus expectations building, Bitcoin’s return above $106,000 marks a critical psychological recovery, with the next bullish phase potentially already underway.
