Bitcoin Surges Past $106,000 Amid Hopes of US Shutdown End

Bitcoin prices experienced a significant surge overnight, soaring as much as 5% to trade above $106,000 in the Asian market session on Monday. This jump is attributed to traders anticipating the end of the ongoing U.S. government shutdown and its impact on global financial markets. As political efforts near a resolution that could pave the way for reopening the government, optimism surrounding cryptocurrency markets intensifies. 5% gains led Bitcoin over $106,000, with analysts predicting further upward movement towards $112,000 before the week’s close.