Bitcoin price recovered above $105,000 following an early session decline, sustaining levels near $106,000 by late afternoon. Market participants noted resilience in high-cap crypto holdings as risk sentiment improved after weekend gains.
Traders focused on the potential conclusion of the 39-day U.S. government shutdown, anticipating a $150 billion liquidity boost from Treasury General Account drawdowns. A social media post hinting at $2,000 tariff-funded dividends further lifted speculative markets, reinforcing upside momentum.
XRP led major altcoins with a 9 percent gain as ETF optimism intensified, while Zcash and Monero each cooled off after standout rallies. Ethereum briefly dipped below $3,600 before stabilizing, and Solana ticked up amid mixed volume across decentralized venues.
Crypto-related equities also rebounded, with Coinbase, Robinhood and eToro shares rising between 4 and 9 percent. Broader indices such as the S&P 500 and Nasdaq rallied over 1.6 percent, reflecting spill-over from digital asset price strength. Market analysts remain cautious over regulatory developments but highlight sustained institutional interest.
On-chain metrics indicated a modest uptick in active addresses and transaction counts, suggesting renewed engagement ahead of key protocol upgrades. Outflows from major exchanges slowed, signaling a pickup in hold-period behavior across retail and institutional cohorts.
Capital markets strategists noted that a confirmed end to the shutdown could create a tailwind for digital assets within multi-asset portfolios. Expectations of incremental regulatory clarity were cited as factors that may sustain positive trends into quarter-end.
Volatility indicators, including BVOL readings, remained elevated, reflecting event-driven price swings. Analysts suggest that sustaining above $104,000 support may attract further inflows from institutional funds and hedge strategies.
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