Crypto Jumps 8% After U.S. Senate Deal Ends Historic Government Shutdown
Bitcoin, Ethereum (ETH), and XRP prices jumped sharply after the U.S. Senate finally reached a deal to end the historic government shutdown.
Quick overview
- Bitcoin, Ethereum, and XRP prices surged following the U.S. Senate's agreement to end the government shutdown, boosting market confidence.
- The SEC is expected to resume reviewing pending crypto ETF applications, potentially unlocking billions in institutional investments.
- Bitcoin rose 4% to $106,000, Ethereum climbed 7% to $3,622, and XRP jumped nearly 10%, indicating a strong market recovery.
- The reopening of the government marks a pivotal moment for the crypto industry, signaling the potential start of a new institutional era.
Bitcoin, Ethereum (ETH), and XRP prices jumped sharply after the U.S. Senate finally reached a deal to end the historic government shutdown. The agreement, which received a 60-40 Senate vote, came after 14 previous attempts had failed – this was the first major fiscal agreement of its kind. Not only did the development give the markets a much-needed confidence boost, but it also rekindled optimism across the Digital Assets space.
According to Fox News, a group of eight Democratic Senators, including Angus King, Jeanne Shaheen, and Maggie Hassan, played a crucial part in hammering out the deal. President Donald Trump had already given the impression of things moving in the right direction before the vote when he said, “It looks like we’re getting close to the shutdown ending. You’ll know very soon.”
The crypto trading community clearly got the message. Bitcoin’s price leapt past its 50-week moving average—a real sign that momentum is back in favour of the bulls. In just 24 hours the broader crypto market capitalisation even surged 4.5% to $3.57 trillion. That just goes to show how high investor sentiment is at the moment.
ETF Approvals Back on Track Now
With the Government officially reopened, the U.S. Securities and Exchange Commission (SEC) is expected to resume reviewing pending crypto ETF applications. The shutdown had already seen several key deadlines missed and approval still stuck in limbo, meaning we could see billions in institutional investments unlocked.
🚨 BREAKING 🚨
🇺🇸 SENATE MAJORITY LEADER THUNE SAID THAT "DEAL IS COMING TOGETHER".
GIGA BULLISH 🚀 pic.twitter.com/82RTfXAGm5
— Max Crypto (@MaxCrypto) November 9, 2025
ETF analyst Nate Geraci commented that “The floodgates for crypto ETFs may now finally open,” what with the first XRP spot ETF under the 1933 act now set to launch this week. Canary Capital has updated its filing in anticipation of a November 13 launch.
Other issuers, including Bitwise, 21Shares, and Franklin Templeton, have also refreshed their registration documents. Meanwhile, five XRP ETFs have appeared on the Depository Trust and Clearing Corporation website, with tickers XRPZ, XRP, TOXR, XRPC, and XRPL—an excellent sign of growing interest.
Key Highlights:
- The SEC has resumed its operations – all thanks to renewed ETF optimism
- Five new XRP ETF listings pop up on the DTCC site
- Institutional inflows are expected to surge in the coming weeks.
Bitcoin, ETH, and XRP on the Rise Again
The crypto market staged a powerful comeback:
- Bitcoin (BTC) surged 4% to $106,000 – that’s after dropping as low as $101,521.
- Ethereum (ETH) climbed 7% to $3,622, hitting a daily high of $3,656.
- XRP leapt nearly 10%—its strongest 24-hour rise in months.
Notably, open interest in Bitcoin jumped by $700 million, a clear indication of fresh long positions entering the market. Funding rates are also on the rise – this is a real sign that traders are feeling positive once again, with ETF approvals and fresh liquidity on the cards.
With the shutdown now officially over, the next few weeks will be a pivotal time for the crypto industry and its integration into the traditional finance space – this could signal the start of the much-awaited institutional era.
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