The pathway to ending the 41-day U.S. government shutdown is now firmly in sight, driving a notable shift to "risk-on" sentiment across markets. On Sunday, the Senate successfully voted 60-40 to advance the compromise funding bill (H.R. 5371). This key bipartisan procedural vote allows for a government funding extension through January 30, 2026, and paves the way for a final Senate vote likely by Wednesday. Though the legislative process continues, the market is pricing in a resolution by the end of the week.
The strong momentum from yesterday's equity rally immediately spilled into the crypto sector. As of the end of Monday, November 10, the anticipated capital rotation drove both Bitcoin and Ethereum higher: Bitcoin ($BTC ): Surged +4.06% to cross back over the $106,000 level. Ethereum ($ETH ): Outperformed its peer, rising +5.60% to challenge the $3,600 mark.
This movement aligns with analyst expectations, which see crypto as a beneficiary of renewed global liquidity and increased risk appetite following the end of political uncertainty. Traders are now watching for Bitcoin to test the next major resistance level near $110,000.
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🏛️ Shutdown Optimism Fuels Crypto Rally (Nov 11 Update)
The pathway to ending the 41-day U.S. government shutdown is now firmly in sight, driving a notable shift to "risk-on" sentiment across markets.
On Sunday, the Senate successfully voted 60-40 to advance the compromise funding bill (H.R. 5371). This key bipartisan procedural vote allows for a government funding extension through January 30, 2026, and paves the way for a final Senate vote likely by Wednesday. Though the legislative process continues, the market is pricing in a resolution by the end of the week.
The strong momentum from yesterday's equity rally immediately spilled into the crypto sector. As of the end of Monday, November 10, the anticipated capital rotation drove both Bitcoin and Ethereum higher:
Bitcoin ($BTC ): Surged +4.06% to cross back over the $106,000 level.
Ethereum ($ETH ): Outperformed its peer, rising +5.60% to challenge the $3,600 mark.
This movement aligns with analyst expectations, which see crypto as a beneficiary of renewed global liquidity and increased risk appetite following the end of political uncertainty. Traders are now watching for Bitcoin to test the next major resistance level near $110,000.
#GovShutdownCrisisNearsAnEnd? #CryptoMarketWatch