Key Takeaways
- Bitcoin rises 6.7% to reclaim $106,000 amid improving investor sentiment.
- US Senate passes funding bill, moving closer to ending record shutdown.
- Crypto agencies impacted, with limited staffing slowing regulatory work.
Bitcoin Surges as US Government Shutdown Nears Resolution
Bitcoin’s price and social media chatter are both heating up as the United States government moves closer to reopening after its longest shutdown in history. On Monday, the Senate passed a critical funding bill that paves the way to ending the record-breaking deadlock, while Bitcoin rallied 6.7%, reclaiming the $106,000 mark.
Senate Passes Bill to End Record Shutdown
After nearly 10 hours of tense negotiation, the Senate reached a breakthrough on Monday, securing the 60 votes needed to move a funding bill forward. Eight Democrats joined Republicans in passing the measure, which would keep the government funded through January next year.
“After passage, the CR goes to the House for a vote before we reopen. Hopefully, we’re open by Wednesday,” said Republican Senator Markwayne Mullin on X.
The bill now heads to the House of Representatives, and if approved, will land on President Donald Trump’s desk for final authorization. The shutdown has already left more than one million federal employees unpaid, paralyzing key government services.
Disruption Hits Crypto Regulators and Air Travel
Government agencies such as the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) — both key players in crypto regulation — have been operating with skeleton crews. This slowdown has delayed crypto-related filings and enforcement actions.
Also Read: Top 10 Crypto Trends for the Next Bull Run
Beyond finance, air travel has also been hit hard. Unpaid air traffic controllers and airport staff have caused nationwide delays and cancellations, adding to the growing pressure on lawmakers to resolve the crisis.
Bitcoin Rebounds as Sentiment Turns Bullish
Bitcoin’s price fell as low as $99,300 last Friday before rebounding sharply to $106,000, according to CoinGecko. Analysts suggest that optimism over the potential end of the shutdown has boosted investor confidence and overall market sentiment.
Data from Santiment indicates that “$BTC” has been the top-trending crypto tag on social media in recent days, signaling renewed bullish enthusiasm.
Conclusion
As Washington inches toward reopening the government, Bitcoin’s strong recovery underscores how political stability can quickly revive market optimism. With attention back on crypto and the shutdown’s end in sight, investor confidence may just be getting started.
