Overview
- The Senate advanced a funding resolution toward ending the roughly 40-day shutdown, with final passage still requiring House approval as crypto prices held mostly steady.
- Bitcoin traded around $105,000–$106,000 while Ethereum hovered near $3,560 and XRP edged higher, and crypto-linked stocks including Coinbase and Robinhood rebounded.
- Confidence in a near-term deal was reinforced by prediction-market signals and a weekend social-media post from President Donald Trump, improving risk sentiment.
- Arca’s David Nage estimates a shutdown resolution could release $150–$200 billion from the Treasury General Account into bank reserves, potentially giving risk assets a temporary lift.
- The stoppage has halted work on the CLARITY Act and a Senate digital-asset market-structure bill, raising concern that regulatory clarity could slip past the 2026 midterm calendar if delays persist into December.