Crypto News Today: US Government Shutdown Ends As Crypto Progress Continues – More Upside Ahead?

The Bitcoin (BTC) price has risen again above $101,000 as President Trump ends the 43-day US government shutdown.

Bitcoin’s price climbed above $101,000 after US President Donald Trump signed a bill to reopen the federal government. 

This bill ended the record 43-day shutdown and the long political standoff that slowed regulatory and market activity is expected to come to an end.

Almost immediately after, crypto assets led the financial recovery as Ethereum rose above $3,500 while XRP reclaimed $2.50 after struggling through the previous week.

Bitcoin Benefits From Market Relief

Bitcoin’s drop below $101,000 late Wednesday worried traders who feared for government paralysis. The currency then bounced back by nearly $3,000 once the bill was signed. Analysts pointed out that political stability tends to revive confidence in risk assets and this time was no different.

Arthur Hayes and other voices had earlier predicted that Bitcoin would rally once the shutdown ended. Their predictions now appear to be coming true as the market responded immediately to the news.

Altcoins also joined the recovery. Zcash gained 12%, IP climbed 11% and Ethereum added 3% within 24 hours. The general market seems to be turning a corner after weeks of sideways movement.

Government Reopening Creates Hope for Crypto Regulation

The newly signed bill allows US federal agencies to resume work, including those that directly influence crypto regulation like the SEC and CFTC.

These agencies had halted or delayed several pending matters during the shutdown. 

Among them are applications for new spot crypto ETFs waiting for approval. The SEC’s return to full operation could speed up reviews and announcements that were previously stuck in limbo.

Meanwhile, the CFTC is set to move ahead with its November 19 confirmation hearing for Mike Selig, President Trump’s nominee to lead the agency. Market watchers expect a more defined regulatory direction to show up after that confirmation.

The Treasury Department will also revisit public feedback on the GENIUS Act and ongoing public consultations and policy drafts can continue without delay.

Bitcoin Price Outlook After the Shutdown

Bitcoin’s market reaction to the end of the shutdown shows fresh buying interest. On TradingView charts, BTCUSD formed a strong rebound candle early on Thursday and confirmed demand at lower levels.

Still, traders are moving cautiously. The price needs to hold above $100,000 to maintain short-term strength. A failure to sustain that zone could bring back volatility, especially if US inflation or interest rate updates affect investor sentiment again.

Ethereum and XRP’s quick recoveries also indicate that traders are preparing for more regulatory news ahead. XRP’s climb past $2.50 has coincided with optimism around its new ETF listing, while Ethereum’s move above $3,500 is showing fresh accumulation from institutional traders.

Trump’s Statement and Political Response

After signing the bill, President Trump declared victory over Democrats and called the shutdown a test of resolve. He accused opponents of “trying to extort” the government and said his administration would not yield to pressure.

He also hinted at cooperation on healthcare issues and told reporters he is open to discussions with Democrats to “do a lot better” for Americans. The funding bill extends operations until January 30 and gives both parties more time to negotiate longer-term spending plans.

The record-length shutdown had led to temporary layoffs, frozen benefits and delays across multiple sectors. The end of the impasse now means that government workers will receive back pay, while public services such as food and nutrition programs will restart soon.

The post Crypto News Today: US Government Shutdown Ends As Crypto Progress Continues – More Upside Ahead? appeared first on Live Bitcoin News.