Bitcoin hits $106k as US Senate moves to end government shutdown

Bitcoin and other major cryptocurrencies rose after the US Senate passed a funding bill aimed at ending the government shutdown.

The bill, which passed the Senate 60-40 on November 9, still requires approval from the House and President Donald Trump’s signature.

Bitcoin was up 4.4% to US$106,119, while ether rose 7.8% to US$3,632 in the past 24 hours, according to The Block.

Other tokens like XRP, BNB, and Solana also saw gains.

Market observers cited the surge to improved sentiment as the shutdown appeared closer to ending and financial liquidity conditions improved.

Analysts noted that the shutdown had limited market data and liquidity, while its resolution could allow the Federal Reserve to access new economic data for policy decisions.

Traders are now watching for further developments on the funding bill, US economic indicators, and inflows into cryptocurrency ETFs to gauge if the rally will continue or broaden.

🔗 Source: The Block

🧠 Food for thought

Implications, context, and why it matters.

ETF dashboards help gauge institutional demand beyond shutdown headlines

The article ties Bitcoin’s rise to shutdown progress, yet ETF trackers like CoinGlass, a crypto market analytics site, list total spot Bitcoin ETF net flows 1 to gauge whether big money is moving regardless of funding news.
The SoSoValue tool gives cumulative net inflow and daily trading volume 2 so investors can judge if demand holds through swings.
BitcoinTreasuries.com, which monitors bitcoin holdings across funds, posts a table of holdings changes over the last 10 days 3 to separate brief relief rallies from steady accumulation.

How tech firms can make money from a post-shutdown economic data wave

If the shutdown ends, delayed US economic releases may appear in a short window, which creates demand for tools that link macro data to crypto price action in near real time.
Product developers at fintechs can plug in APIs like FXStreet’s Economic Calendar 4. The feed covers hundreds of events with Open Authorization 2.0 (OAuth2) authentication and webhooks. Systems alert traders when Gross Domestic Product (GDP), unemployment, or inflation hits levels tied to Bitcoin moves.
Use Financial Modeling Prep’s Treasury rates and economic indicators API 5 with ETF flow dashboards 3. Tie monetary policy to macro shifts and cryptocurrency ETF flows. That helps traders spot data-driven entries beyond headline sentiment.