Bitcoin & Ethereum Surge as US Shutdown Ends

Cryptocurrencies surged Sunday night as optimism returned to global markets following the end of the U.S. government shutdown. Bitcoin (BTC) and Ethereum (ETH), along with other major digital assets, saw sharp price increases driven by the improved political climate and renewed investor confidence. 4.3% growth in BTC pushed it past $106,175, while ETH climbed over 6% to reach $3,620. Solana (SOL) also jumped 6.8%, and BNB gained about 3.7%. The global crypto market value saw a 4.33% increase, recovering from a week-long slump of around 4%. Trading activity also picked up notably with BTC’s trading volume surging by 38%, while ETH’s volume soared by 55%. This rebound came after several days of sluggish trading due to uncertainty surrounding the U.S. fiscal situation and weakening liquidity in global markets. The end of the shutdown was a crucial factor, as it marked an end to political gridlock and allowed for government services to resume. The Senate made significant progress on a funding bill meant to reopen the government after 40 days. Analysts predict that this renewed economic stability will impact the crypto market positively. While some remain cautious about the long-term sustainability of the rally, others see it as a sign of positive momentum. As the government prepares for reopening and with fiscal stability returning, Bitcoin and other digital assets may benefit from further positive movement.