Bitcoin price surged to around $105,200 early Wednesday, rebounding sharply as optimism grew that the U.S. government shutdown — the longest in history — could soon end.
The rally comes ahead of a House vote scheduled for 7 p.m. ET, where lawmakers are expected to approve a Senate-passed bill to reopen federal agencies through January 30, 2026.
House Majority Leader Steve Scalise confirmed that the chamber would move swiftly on the measure, which cleared the Senate late Monday with bipartisan support. Eight Democrats joined Republicans to pass the bill, sending it to the House for final approval.
President Donald Trump has signaled his support for the deal, saying he would sign it “immediately” once passed. “The deal is very good,” Trump told reporters Monday. If enacted, the bill would restore funding for key agencies, including the Department of Agriculture and Veterans Affairs, and trigger the return of roughly 670,000 furloughed federal workers.
Bitcoin price rebound fueled by market optimism
The prospect of government reopening has boosted investor sentiment across risk assets. Bitcoin, which had slumped to the $102,000 range on Tuesday, found strong buying support as traders rotated back into digital assets.
From a technical standpoint, Bitcoin price’s $99,000 level continues to act as critical support, underpinned by its 55-week exponential moving average. Resistance remains near $109,000 to $111,000, where traders expect heavier selling pressure. A clean breakout above $116,000 could open the door to a test of $129,000, analysts said.
The Senate bill’s passage offers short-term fiscal relief, funding food assistance programs like SNAP through September 2026 and guaranteeing back pay for essential workers. Transportation Secretary Sean Duffy said air traffic controllers will receive 70% of their wages within two days of reopening, helping to ease nationwide flight disruptions.
While the immediate boost to markets is driven by policy relief, Bitcoin price’s long-term trajectory remains tied to its supply dynamics.
At press time, the Bitcoin price trades near $105,080, reclaiming momentum as Washington prepares to turn the lights back on.
In other news, President Trump recently announced a desire to send Americans $2,000 “tariff dividend” checks.
The policy, announced over the weekend on Truth Social, would pay most Americans a cash rebate funded by record tariff revenues.
The president said the program would return “trillions of dollars” collected from trade tariffs and eventually help pay down the nation’s $37 trillion debt.
Markets, however, are viewing it as a fresh liquidity injection — a kind of 2025 reboot of the 2020-era stimulus that helped ignite Bitcoin’s last bull run.
Source: https://bitcoinmagazine.com/markets/bitcoin-price-jumps-to-105000
