Bitcoin’s price jumped sharply this week, climbing 6.7% to surpass $106,000, as optimism grew over the end of the record-breaking U.S. government shutdown. The Senate passed a bill on Monday to restore federal operations, sparking renewed enthusiasm across both financial and crypto markets.
According to reports, the Senate required ten hours of debate before securing the necessary 60 votes — including eight from Democrats — to approve the funding measure. The bill will now move to the House of Representatives for a final vote before heading to President Donald Trump for approval. If signed, it will officially end the longest government shutdown in U.S. history, which left more than one million federal employees unpaid and disrupted key agencies, including the SEC and CFTC, both of which oversee the crypto sector.
The shutdown’s effects extended beyond finance, severely impacting air travel due to unpaid air traffic controllers and resulting in widespread flight delays and cancellations across the country.
As hopes for a resolution grew over the weekend, Bitcoin rebounded from a low of $99,300 on Friday to around $106,000 by Monday, according to CoinGecko. Social media data from Santiment showed that “$BTC” became the top-trending crypto tag, reflecting renewed market confidence.
Analysts noted that the recent surge is driven by optimism surrounding the political breakthrough and growing institutional adoption. Santiment’s post highlighted projections for Bitcoin to reach $150,000 by year-end, reinforcing its reputation as a store of value and digital trust asset.
Further supporting Bitcoin’s mainstream expansion, Jack Dorsey’s Square recently enabled over 4 million merchants to accept Bitcoin payments with zero transaction fees, marking a significant milestone for crypto payment integration.
Alongside Bitcoin, other trending cryptocurrencies included Starknet (STRK), Uniswap (UNI), Monero (XMR), and XRP, each gaining attention due to major updates, partnerships, or price momentum.
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