Bitcoin has once again captured attention after several days of decline. The price of the world’s most popular cryptocurrency rose 6.7%, surpassing $106,000. The rebound came as the United States moved toward ending its record-long government shutdown, which had paralyzed federal operations for weeks.

On Monday, the U.S. Senate passed a bill to end the budget crisis and fund the government through the end of January next year. According to U.S. media, Republicans spent about ten hours securing the necessary 60 votes, eight of which came from Democratic senators.

“After Senate approval, the bill goes to the House of Representatives. Hopefully, the government will reopen by Wednesday,” Senator Markwayne Mullin said on X. If approved by the House, the bill will go to President Donald Trump, officially ending the longest government shutdown in U.S. history.

Shutdown also hit the crypto sector

According to CNN, more than one million federal employees went unpaid due to the budget crisis. Operations were also limited at key regulatory agencies overseeing the crypto market, such as the SEC and CFTC, which had been operating with minimal staff. This led to delays in project approvals and market oversight.

Other sectors were affected as well, especially air travel, with unpaid air traffic controllers causing widespread delays and cancellations across the United States.

Bitcoin benefits from political optimism

The prospect of resolving the budget impasse lifted sentiment across digital assets. The bitcoin price, which had fallen to $99,300 on Friday, began to rebound over the weekend and is now hovering around $106,000.

The rally also sparked increased activity on social media – the hashtag #Bitcoin trended among the top topics on X and Reddit. Analysts say that a mix of macroeconomic uncertainty and the anticipated end of the government crisis has once again reminded investors of bitcoin’s role as a “digital safe haven.”

Sources:

https://x.com/SenMullin/status/1988064907120513030

https://cointelegraph.com/news/bitcoin-chatter-surges-as-price-recovers-us-govt-shutdown-nears-end

https://edition.cnn.com/2025/11/04/politics/shutdown-impacts-snap-wic-parks-federal-worker-pay-analysis