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Bitcoin surged back above $106,000 as Asian markets opened on Monday, with regional equities advancing as Washington moved closer to resolving the historic US government shutdown.
The Senate advanced a 60-vote cloture deal to reopen the federal government on Sunday, sending the package to the House and President Trump for approval.
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The agreement funds operations through January 30, 2026, reverses certain employee firings, secures SNAP benefits through fiscal 2026, and sets up a December vote on Affordable Care Act subsidies.
Relief over a near-term resolution boosted risk appetite, prompting traders to rotate into higher beta assets.
Crypto markets reflected this shift in sentiment. After the initial surge, Bitcoin last traded near $106,097, up 4.4% from 24 hours earlier.
Market snapshot
- Bitcoin: $106,097, up 4.4%
- Ether: $3,636.14, up 7.9%
- XRP: $2.44, up 7.8%
- Total crypto market cap: $3.66 trillion, up 4.8%
Investors Looked Past Recent Volatility As Liquidity Returned To Equities And Crypto
Across equities, MSCI’s Asia ex-Japan index added 0.5% and Japan’s Nikkei rose 0.6%. South Korea’s Kospi advanced 2%, while in Europe, Euro Stoxx 50 and DAX futures each gained 1.3%.
Bond markets signaled a modest unwind of safety trades. The US 10-year yield edged up to about 4.13%, while the two-year rose to roughly 3.59%. The dollar recovered part of last week’s pullback as investors reassessed the growth outlook against a patient Federal Reserve.
Inside Washington, the prolonged shutdown has strained the economy. Federal workers across airports, law enforcement, and the military have gone unpaid, and the central bank has faced data gaps due to limited government reporting.
NEW: U.S. GOVERNMENT SHUTDOWN PREDICTED TO END NOV. 14 ON @Polymarket , AS AXIOS REPORTS AT LEAST 10 SENATE DEMOCRATS WILL BACK PROCEDURAL MOTION FOR SPENDING BILLS AND SHORT-TERM FUNDING THROUGH JANUARY
SOURCE: https://t.co/niBILMkqxl pic.twitter.com/rNHNAenYqn— DEGEN NEWS (@DegenerateNews) November 9, 2025
Shutdown Fallout Weighs On Confidence, Keeping Investors Cautious
White House economic adviser Kevin Hassett said fourth-quarter GDP could turn negative if the shutdown persisted.
Consumer nerves were evident in the data. US consumer sentiment fell to near a three-and-a-half-year low in early November as households weighed the potential fallout, adding another layer of uncertainty to trading desks.
For crypto, the path to a deal matters. The shutdown had tightened liquidity across pockets of the market and increased volatility around macro releases, so clearer fiscal footing lowers tail risks and supports positioning in digital assets sensitive to growth and risk cycles.
Wall Street Eyes Shutdown Vote After Turbulent Week For Tech Stocks
Fed speakers last week signaled a preference to go slow on further rate cuts, and recent employment readings hinted at softening momentum. Traders, balancing those signals with the shutdown news, leaned toward a constructive start to the week.
As the House takes up the Senate package and the White House reviews it, markets will watch the timeline closely. A clean passage keeps the relief bid intact, while any snag could revive volatility across both stocks and crypto.
The post Asia Market Open: Bitcoin and Global Markets Rise as US Shutdown Talks Show Progress appeared first on Cryptonews.
