Crypto prices today saw a modest recovery as signs of progress in Washington eased some of the tension that has been hanging over global markets. The Senate moved a funding bill forward late on Nov. 9, creating a clearer path…Crypto prices today saw a modest recovery as signs of progress in Washington eased some of the tension that has been hanging over global markets. The Senate moved a funding bill forward late on Nov. 9, creating a clearer path…

Crypto prices today (Nov. 10): BTC, ETH, XRP, SOL recover amid hopes of U.S. government shutdown end

2025/11/10 13:37
3분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

Crypto prices today saw a modest recovery as signs of progress in Washington eased some of the tension that has been hanging over global markets.

Summary
  • Crypto market moves higher as shutdown resolution looks more likely.
  • Fear & Greed Index rises out of extreme fear.
  • Traders are stepping back into positions, but cautiously.

The Senate moved a funding bill forward late on Nov. 9, creating a clearer path toward reopening the federal government after weeks of closures and stalled operations.

As a result, sentiment has improved slightly. The Crypto Fear & Greed Index rose to 29 from 22 yesterday, leaving the “extreme fear” zone. The market’s total value gained 4.6%, now about $3.66 trillion.

At press time, Bitcoin was trading near $105,990, up around 4% in the past 24 hours. Ethereum was up about 7% to $3,622. XRP gained roughly 8.7% to $2.46, and Solana was up about 6.5% to $167.

CoinGlass data shows $338 million in liquidations over the past day, while open interest has increased to about $148 billion. This suggests some traders are returning to positions after stepping back during the recent pullback.

Why the shutdown matters

The shutdown began on Oct. 1 after disagreements over federal spending priorities. During the past six weeks, many government functions were paused, workers were furloughed, and regulatory processes were delayed, including those tied to digital asset oversight. The uncertainty weighed on crypto, which tends to react quickly when liquidity feels tight or policy direction is unclear.

The Senate’s progress last night does not fully end the shutdown yet, but the vote was the first meaningful movement in weeks. If the remaining steps pass without extended delay, government operations could restart within days. Traders are responding to that possibility.

Crypto market to recover after shutdown end

Analysts expect somewhere between $180 billion and $300 billion to return into markets over the next several weeks, which often works like a quiet stimulus. A similar pattern occurred after the 2018–2019 shutdown, when stocks recovered and Bitcoin went on to post large gains in the months that followed.

Confidence is also improving. Shutdown uncertainty tends to push investors out of high-volatility assets. That effect was clear over the past month, with Bitcoin sliding and exchange-traded fund flows turning cautious. A completed funding deal removes that pressure and usually brings risk-on appetite back into markets.

The resolution also matters because it puts regulatory work back in motion. The shutdown slowed reviews at the Securities and Exchange Commission and Commodity Futures Trading Commission, including progress on stablecoin rules and multiple pending crypto ETF filings. With staff returning, attention turns back to open proposals in the Senate and the possibility of new approvals before the end of the year. 

면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

추천 콘텐츠

Coinbase Urges Treasury to Clarify GENIUS Act Implementation

Coinbase Urges Treasury to Clarify GENIUS Act Implementation

The post Coinbase Urges Treasury to Clarify GENIUS Act Implementation appeared on BitcoinEthereumNews.com. Coinbase has called on the U.S. Treasury Department to provide clearer guidance on the implementation of the GENIUS Act, warning that excessive regulation could undermine innovation and weaken the country’s position as a global leader in digital finance. Source: Coinbase In an official statement, Coinbase’s Director of Policy, Faryar Shirzad, said that new rules should “ensure the competitiveness of U.S. stablecoins and create conditions for their global adoption as a payment instrument.” The exchange cautioned the Treasury against introducing restrictions not explicitly outlined in the law, urging policymakers to focus on innovation rather than limitation. Coinbase’s Recommendations for the GENIUS Framework In its response, Coinbase proposed several key adjustments to the regulatory framework. It suggested that non-financial software developers, blockchain validators, and open protocols be excluded from GENIUS compliance requirements. The company also argued that the ban on interest payments should apply only to stablecoin issuers, not to exchanges or intermediaries offering bonus programs or loyalty rewards. Coinbase emphasized that rewards from third parties should not be considered a violation, warning that a broad definition of “interest” could distort the intent of the legislation. The firm additionally proposed that payment stablecoins be treated as cash equivalents for accounting and tax purposes — a move it said would “reflect their real-world use as stable digital currencies.” The GENIUS Act and Its Impact Signed into law in July 2025, the GENIUS Act marked the first comprehensive federal regulation of the U.S. stablecoin market. The law requires that all stablecoins be fully backed by liquid assets, mandates annual audits for issuers, and sets rules for foreign-issued tokens operating in the U.S. market. Coinbase urged regulators to uphold Congress’s original intent, emphasizing that effective policy should allow innovation to grow within the framework of the law, not in defiance of it. Not all lawmakers…
공유하기
BitcoinEthereumNews2025/11/07 02:16
Q2 Market Insights: Bitcoin regains dominance in risk-averse environment, ETFs remain critical to market structure

Q2 Market Insights: Bitcoin regains dominance in risk-averse environment, ETFs remain critical to market structure

The market will show a downward trend in the short term, and then rebound and set new highs in the second half of the year.
공유하기
PANews2025/04/28 19:40
Critical USDT0 Response to Drift Hack Exposes Stark Contrast in Stablecoin Security Protocols

Critical USDT0 Response to Drift Hack Exposes Stark Contrast in Stablecoin Security Protocols

BitcoinWorld Critical USDT0 Response to Drift Hack Exposes Stark Contrast in Stablecoin Security Protocols In a decisive security move that highlights evolving
공유하기
bitcoinworld2026/04/02 17:15

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!