The U.S. Senate has reached an agreement to end a 7-week government shutdown that started on October 1. Led by Senators Jeanne Shaheen and Maggie Hassan, Moderate Democrats secured support for a funding plan that allocates resources for agriculture, veterans’ affairs, and military construction, extending specific programs until January 30, 2026. Following the news, the markets rallied sharply, with the major cryptocurrencies experiencing a surge. Analysts believe the rise is due to expectations of regained liquidity and renewed confidence in the market. Crypto Volatility During the Shutdown Last week, Solana spot ETFs saw $137 million in new investments, marking the seventh straight day of inflows. This reflects growing interest in Solana, which has pushed its total net assets over $531 million, as investors increasingly shift towards altcoins despite major firms like BlackRock and VanEck expanding their crypto offerings. However, Bitcoin exchange-traded funds (ETFs) saw over $1.2 billion withdrawn, marking the third-largest amount ever withdrawn in a single week. Ethereum ETFs also experienced losses, with $508 million withdrawn, bringing the total withdrawals from these funds to $1.7 billion. This occurred as institutional investors adjusted their investments following a prolonged period of inflows since early 2024. These withdrawals occurred against concerns about a U.S. government shutdown and uncertain economic conditions, which pushed Bitcoin’s price below $105,000 before it partially rebounded. Crypto Market Sees Rays of Recovery Before the shutdown, which resulted in significant fluctuations in crypto prices, Bitcoin traded at $125,500 but fell below $105,000 by mid-October, a 17% decline. Ethereum also plummeted from $4,500 to under $3,300, while XRP decreased by 12% to $2.40 due to delays in ETF approval. Overall, the market lost more than $700 billion in value, and Bitcoin showed signs of slowing down.  However, by yesterday, signs of a market recovery began to return. Driven by the news of the recent Senate compromise, Bitcoin surged back above the $106,000 mark for the first time in nearly a week on November 10. Ethereum rose 7% above $3,600, and XRP climbed 6% toward $2.30 as trading volumes increased. The end of the shutdown removes regulatory obstacles, allowing the SEC to review stalled crypto ETFs. Meanwhile, market capitalization has rebounded to $3.71 trillion, signaling a restoration of confidence in digital assets. As ETF approvals loom, experts anticipate a floodgate opening for institutional adoption by the end of the year. The post Bitcoin Reclaims $106K as Senate Agrees to End 7-Week Shutdown appeared first on CoinTab News.The U.S. Senate has reached an agreement to end a 7-week government shutdown that started on October 1. Led by Senators Jeanne Shaheen and Maggie Hassan, Moderate Democrats secured support for a funding plan that allocates resources for agriculture, veterans’ affairs, and military construction, extending specific programs until January 30, 2026. Following the news, the markets rallied sharply, with the major cryptocurrencies experiencing a surge. Analysts believe the rise is due to expectations of regained liquidity and renewed confidence in the market. Crypto Volatility During the Shutdown Last week, Solana spot ETFs saw $137 million in new investments, marking the seventh straight day of inflows. This reflects growing interest in Solana, which has pushed its total net assets over $531 million, as investors increasingly shift towards altcoins despite major firms like BlackRock and VanEck expanding their crypto offerings. However, Bitcoin exchange-traded funds (ETFs) saw over $1.2 billion withdrawn, marking the third-largest amount ever withdrawn in a single week. Ethereum ETFs also experienced losses, with $508 million withdrawn, bringing the total withdrawals from these funds to $1.7 billion. This occurred as institutional investors adjusted their investments following a prolonged period of inflows since early 2024. These withdrawals occurred against concerns about a U.S. government shutdown and uncertain economic conditions, which pushed Bitcoin’s price below $105,000 before it partially rebounded. Crypto Market Sees Rays of Recovery Before the shutdown, which resulted in significant fluctuations in crypto prices, Bitcoin traded at $125,500 but fell below $105,000 by mid-October, a 17% decline. Ethereum also plummeted from $4,500 to under $3,300, while XRP decreased by 12% to $2.40 due to delays in ETF approval. Overall, the market lost more than $700 billion in value, and Bitcoin showed signs of slowing down.  However, by yesterday, signs of a market recovery began to return. Driven by the news of the recent Senate compromise, Bitcoin surged back above the $106,000 mark for the first time in nearly a week on November 10. Ethereum rose 7% above $3,600, and XRP climbed 6% toward $2.30 as trading volumes increased. The end of the shutdown removes regulatory obstacles, allowing the SEC to review stalled crypto ETFs. Meanwhile, market capitalization has rebounded to $3.71 trillion, signaling a restoration of confidence in digital assets. As ETF approvals loom, experts anticipate a floodgate opening for institutional adoption by the end of the year. The post Bitcoin Reclaims $106K as Senate Agrees to End 7-Week Shutdown appeared first on CoinTab News.