Bitcoin Reclaims $106,000 as Senate Advances Funding Bill and Trump Floats Tariff Dividend

Overview

• Senators voted 60–40 to advance a government funding bill after a 40‑day shutdown, a step investors read as progress toward reopening federal operations.
• President Trump proposed a $2,000 tariff dividend on Truth Social, a headline that traders linked to a risk‑on push across crypto.
• Liquidity signals turned supportive as the SOFR–EFFR spread fell to about 0.05 from 0.35 and usage of the Fed’s Standing Repo Facility dropped back to zero.
• Derivatives action reinforced the move with roughly $260–$345 million in short positions liquidated over 24 hours and broader sentiment improving from “Extreme Fear” to “Fear.”
• Flows showed tentative stabilization with about $240 million of U.S. spot Bitcoin ETF inflows reported on Nov. 7, while analysts stayed split between a rebound toward $103K–$135K and downside risks if key levels such as the $111,937 short‑term holder realized price fail; XRP remains in a corrective phase with some watching for a retest near $2.05.