Bitcoin Updates: Bitcoin Rebounds Following Shutdown Deal, Looks Toward Major Regulatory Progress
- Bitcoin stabilized above $105,000 as U.S. lawmakers neared ending the 40-day government shutdown, potentially boosting market liquidity and crypto demand. - Analysts highlight a "dual catalyst" of shutdown resolution and expected lower CPI data, predicting Bitcoin could rise to $112,000 amid improved macroeconomic optimism. - Trump's $2,000 tariff dividend proposal and CFTC's planned approval of leveraged crypto trading next month further support risk appetite and institutional interest. - Regulatory del
Bitcoin Remains Above $105K as Investors Monitor Shutdown Resolution and Liquidity Prospects
On Monday, Bitcoin maintained its position above $105,000 while U.S. legislators moved closer to resolving the 40-day government shutdown—a shift that experts believe could inject liquidity into markets and revive interest in cryptocurrencies. The Senate advanced a bipartisan funding measure with a 60-40 vote on Sunday night, with final passage anticipated soon. The shutdown, which halted federal functions and postponed key economic reports, had put pressure on risk assets like digital currencies.
This breakthrough comes as optimism grows that the Federal Reserve will soon receive updated inflation figures, potentially shaping future monetary policy. According to Shanaka Anslem Perera from Coinpedia, the end of the shutdown combined with an expected decline in consumer price index (CPI) numbers forms a "dual catalyst" for Bitcoin, possibly driving it toward $112,000.
The extended shutdown had also delayed progress on significant crypto-related legislation, such as the CLARITY Act in the House and the Responsible Financial Innovation Act in the Senate. These proposals, which seek to create a consistent regulatory structure for digital assets, were put on hold as lawmakers focused on reopening the government.
Market watchers are now anticipating a return to regulatory progress. The Commodity Futures Trading Commission (CFTC) is expected to greenlight leveraged crypto trading in the U.S. next month, which could draw more institutional investors
Since the shutdown began, Bitcoin’s price has experienced significant swings. It spiked to $126,080 on October 6, then dropped more than 17% to $104,370 amid global tensions and Trump’s announcement of a 100% tariff
Prediction platforms like Polymarket and Kalshi are showing high odds that the shutdown will conclude this week, with many traders expecting a resolution by Friday
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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