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Bitcoin (BTC) climbed to $104,501, marking a 3% increase within the last hour, as optimism grows over a potential end to the prolonged U.S. government shutdown. The crypto market’s momentum follows a quiet weekend but has reignited amid fresh political developments in Washington.
According to reports, Senate Democrats are moving to pass bipartisan spending bills aimed at reopening the government, which has furloughed about 750,000 federal workers and disrupted several public services. Market observers, including Bitcoin Archive and Walter Bloomberg, noted that a vote could happen as soon as tonight, with a short-term funding deal possibly extending through January 30.
Traders on X (formerly Twitter) are drawing comparisons between the current scenario and the 2019 shutdown resolution, when Bitcoin rallied over 300% following the government’s reopening. Analyst Ash Crypto reminded followers of that historic surge, while others, like Max Crypto, highlighted similar cyclical trends.
However, analysts caution that the correlation may be more sentiment-driven than causal. During the 2018–2019 shutdown, Bitcoin initially fell before recovering in a broader market rebound influenced by post-crypto winter liquidity and improving global risk sentiment.
Today’s environment mirrors some of those dynamics. While U.S. liquidity remains tight and the Federal Reserve maintains a cautious stance, many traders believe political headlines could serve as short-term catalysts for Bitcoin. Roughly $700 million in open interest has recently been added, and rising funding rates suggest an influx of new long positions — a setup that often precedes volatility.
Despite cautionary notes from analysts like Ted, market optimism is returning. If Washington reaches a deal this week, the crypto market could see another strong rally — or at least a relief bounce — reinforcing Bitcoin’s role as a hedge against fiscal uncertainty and a barometer of investor sentiment.
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