Bitcoin Price Surges on Government Shutdown Resolution, President Trump Announces Stimulus Checks

Bitcoin’s price climbed 4.4% in the past 24 hours, reaching $106,507 as of 2:57 a.m. EST, fueled by increased trading volume of $68.4 billion. This surge comes after the US Senate reached an agreement to end the record-breaking 40-day government shutdown and pave the way for funding through January 30 and a potential vote on a healthcare reform bill later in December. The news boosted the cryptocurrency market, which rose by 4% to reach a capitalization of $3.68 trillion.