Crypto Markets Hold Steady as Shutdown Resolution Hopes Lift Investor Sentiment

Despite early volatility, the cryptocurrency market held firm Monday as optimism over a potential U.S. government shutdown resolution buoyed investor confidence. Bitcoin (BTC) hovered near $106,000, regaining ground after a 1.5% dip during U.S. market hours. Ether (ETH) traded just below $3,600, slipping 0.5%, while Solana (SOL) rose 1.1% to $167.

Among altcoins, XRP surged 9% amid speculation that a spot-based ETF could soon launch on U.S. exchanges. Meanwhile, Zcash (ZEC) and Monero (XMR)—both recent high performers—declined 9% and 11%, respectively.

Crypto-related equities rebounded alongside major indexes. Coinbase (COIN) jumped 4.1%, Robinhood (HOOD) gained 4.8%, eToro (ETOR) advanced 9%, and Gemini (GEMI) climbed 5.2%. Broader markets followed suit, with the S&P 500 up 1.6% and the Nasdaq rallying 2.2%.

The rally came as traders grew increasingly confident that the record 39-day government shutdown could end soon. A social media post by Donald Trump hinting at a $2,000 “dividend” funded by tariff revenues further boosted sentiment. Data from Polymarket showed an 86% probability that the shutdown could conclude between November 12–15.

However, the prolonged shutdown has slowed crypto policy progress. According to David Nage, head of research at Arca, the delay has frozen legislative efforts such as the CLARITY Act and the Senate’s digital asset framework bill. Nage warned that pushing crypto regulation into the 2026 midterm cycle could stall institutional adoption.

He added that if the shutdown ends in November, both liquidity and legislative momentum could return. But if it continues into December, the window for meaningful crypto policy reform may close—impacting long-term growth and investor confidence across the digital asset sector.