Bitcoin jumped back above $106,000 as Asia opened on Monday, and regional stocks advanced as Washington moved closer to ending the historic US government shutdown. The Senate on Sunday advanced a 60-vote cloture deal to reopen the federal government, sending the package to the House and President Trump for approval. The agreement funds operations through Jan. 30, 2026, reverses certain employee firings, secures SNAP benefits through fiscal 2026 and sets up a December vote on Affordable Care Act subsidies. Relief over a near-term resolution fed risk appetite, and traders rotated into higher beta assets. Nasdaq futures rose 0.8% and S&P 500 futures gained 0.5% in early trade, signaling a firmer Wall Street open. Crypto reflected the swing in sentiment. After the early pop, Bitcoin last traded near $106,097, up 4.4% from 24 hours earlier. Market snapshot Bitcoin: $106,097, up 4.4% Ether: $3,636.14, up 7.9% XRP: $2.44, up 7.8% Total crypto market cap: $3.66 trillion, up 4.8% Investors Looked Past Recent Volatility As Liquidity Returned To Equities And Crypto Across equities, MSCI’s Asia ex-Japan index added 0.5% and Japan’s Nikkei rose 0.6%. South Korea’s Kospi advanced 2%, and in Europe, Euro Stoxx 50 and DAX futures gained 1.3% each. Bond markets signaled a modest unwind of safety trades. The US 10-year yield edged up to about 4.13%, while the two-year rose to roughly 3.59%. The dollar recovered part of last week’s pullback as investors reassessed the growth outlook against a patient Federal Reserve. Inside Washington, the prolonged shutdown has strained the economy. Federal workers across airports, law enforcement and the military have gone unpaid, and the central bank has faced data gaps with limited government reporting. Shutdown Fallout Weighs On Confidence, Keeping Investors Cautious White House economic adviser Kevin Hassett said fourth-quarter GDP could turn negative if the shutdown persisted. Consumer nerves showed up in the data. US consumer sentiment fell to near a three-and-a-half-year low in early November as households weighed the potential fallout, adding another layer of uncertainty to trading desks. For crypto, the path to a deal matters. The shutdown had tightened liquidity across pockets of the market and increased volatility around macro releases, so clearer fiscal footing lowers tail risks and supports positioning in digital assets sensitive to growth and risk cycles. Wall Street Eyes Shutdown Vote After Turbulent Week For Tech Stocks Equity investors kept one eye on last week’s shakeout. Concerns over stretched valuations in AI-linked names sparked the Nasdaq Composite’s worst week since April’s tariff-driven selloff, with the index down 3%. The S&P 500 fell 1.6% and the Dow slipped 1.2% for the week. Fed speakers last week signaled a preference to go slow on further rate cuts, and recent employment readings hinted at softening momentum. Traders, balancing those signals with the shutdown news, leaned toward a constructive start to the week. As the House takes up the Senate package and the White House reviews it, markets will watch the timeline closely. A clean passage keeps the relief bid intact, while any snag could revive volatility across both stocks and cryptoBitcoin jumped back above $106,000 as Asia opened on Monday, and regional stocks advanced as Washington moved closer to ending the historic US government shutdown. The Senate on Sunday advanced a 60-vote cloture deal to reopen the federal government, sending the package to the House and President Trump for approval. The agreement funds operations through Jan. 30, 2026, reverses certain employee firings, secures SNAP benefits through fiscal 2026 and sets up a December vote on Affordable Care Act subsidies. Relief over a near-term resolution fed risk appetite, and traders rotated into higher beta assets. Nasdaq futures rose 0.8% and S&P 500 futures gained 0.5% in early trade, signaling a firmer Wall Street open. Crypto reflected the swing in sentiment. After the early pop, Bitcoin last traded near $106,097, up 4.4% from 24 hours earlier. Market snapshot Bitcoin: $106,097, up 4.4% Ether: $3,636.14, up 7.9% XRP: $2.44, up 7.8% Total crypto market cap: $3.66 trillion, up 4.8% Investors Looked Past Recent Volatility As Liquidity Returned To Equities And Crypto Across equities, MSCI’s Asia ex-Japan index added 0.5% and Japan’s Nikkei rose 0.6%. South Korea’s Kospi advanced 2%, and in Europe, Euro Stoxx 50 and DAX futures gained 1.3% each. Bond markets signaled a modest unwind of safety trades. The US 10-year yield edged up to about 4.13%, while the two-year rose to roughly 3.59%. The dollar recovered part of last week’s pullback as investors reassessed the growth outlook against a patient Federal Reserve. Inside Washington, the prolonged shutdown has strained the economy. Federal workers across airports, law enforcement and the military have gone unpaid, and the central bank has faced data gaps with limited government reporting. Shutdown Fallout Weighs On Confidence, Keeping Investors Cautious White House economic adviser Kevin Hassett said fourth-quarter GDP could turn negative if the shutdown persisted. Consumer nerves showed up in the data. US consumer sentiment fell to near a three-and-a-half-year low in early November as households weighed the potential fallout, adding another layer of uncertainty to trading desks. For crypto, the path to a deal matters. The shutdown had tightened liquidity across pockets of the market and increased volatility around macro releases, so clearer fiscal footing lowers tail risks and supports positioning in digital assets sensitive to growth and risk cycles. Wall Street Eyes Shutdown Vote After Turbulent Week For Tech Stocks Equity investors kept one eye on last week’s shakeout. Concerns over stretched valuations in AI-linked names sparked the Nasdaq Composite’s worst week since April’s tariff-driven selloff, with the index down 3%. The S&P 500 fell 1.6% and the Dow slipped 1.2% for the week. Fed speakers last week signaled a preference to go slow on further rate cuts, and recent employment readings hinted at softening momentum. Traders, balancing those signals with the shutdown news, leaned toward a constructive start to the week. As the House takes up the Senate package and the White House reviews it, markets will watch the timeline closely. A clean passage keeps the relief bid intact, while any snag could revive volatility across both stocks and crypto

Asia Market Open: Bitcoin, Global Markets Climb as US Shutdown Negotiations Show Signs of Progress

2025/11/10 11:11
3 min read

Bitcoin jumped back above $106,000 as Asia opened on Monday, and regional stocks advanced as Washington moved closer to ending the historic US government shutdown.

The Senate on Sunday advanced a 60-vote cloture deal to reopen the federal government, sending the package to the House and President Trump for approval.

The agreement funds operations through Jan. 30, 2026, reverses certain employee firings, secures SNAP benefits through fiscal 2026 and sets up a December vote on Affordable Care Act subsidies.

Relief over a near-term resolution fed risk appetite, and traders rotated into higher beta assets.

Nasdaq futures rose 0.8% and S&P 500 futures gained 0.5% in early trade, signaling a firmer Wall Street open.

Crypto reflected the swing in sentiment. After the early pop, Bitcoin last traded near $106,097, up 4.4% from 24 hours earlier.

Market snapshot

  • Bitcoin: $106,097, up 4.4%
  • Ether: $3,636.14, up 7.9%
  • XRP: $2.44, up 7.8%
  • Total crypto market cap: $3.66 trillion, up 4.8%

Investors Looked Past Recent Volatility As Liquidity Returned To Equities And Crypto

Across equities, MSCI’s Asia ex-Japan index added 0.5% and Japan’s Nikkei rose 0.6%. South Korea’s Kospi advanced 2%, and in Europe, Euro Stoxx 50 and DAX futures gained 1.3% each.

Bond markets signaled a modest unwind of safety trades. The US 10-year yield edged up to about 4.13%, while the two-year rose to roughly 3.59%. The dollar recovered part of last week’s pullback as investors reassessed the growth outlook against a patient Federal Reserve.

Inside Washington, the prolonged shutdown has strained the economy. Federal workers across airports, law enforcement and the military have gone unpaid, and the central bank has faced data gaps with limited government reporting.

Shutdown Fallout Weighs On Confidence, Keeping Investors Cautious

White House economic adviser Kevin Hassett said fourth-quarter GDP could turn negative if the shutdown persisted.

Consumer nerves showed up in the data. US consumer sentiment fell to near a three-and-a-half-year low in early November as households weighed the potential fallout, adding another layer of uncertainty to trading desks.

For crypto, the path to a deal matters. The shutdown had tightened liquidity across pockets of the market and increased volatility around macro releases, so clearer fiscal footing lowers tail risks and supports positioning in digital assets sensitive to growth and risk cycles.

Wall Street Eyes Shutdown Vote After Turbulent Week For Tech Stocks

Equity investors kept one eye on last week’s shakeout. Concerns over stretched valuations in AI-linked names sparked the Nasdaq Composite’s worst week since April’s tariff-driven selloff, with the index down 3%. The S&P 500 fell 1.6% and the Dow slipped 1.2% for the week.

Fed speakers last week signaled a preference to go slow on further rate cuts, and recent employment readings hinted at softening momentum. Traders, balancing those signals with the shutdown news, leaned toward a constructive start to the week.

As the House takes up the Senate package and the White House reviews it, markets will watch the timeline closely. A clean passage keeps the relief bid intact, while any snag could revive volatility across both stocks and crypto.

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