Crypto Rebounds as Senate Funding Deal Advances, ‘Tariff Dividend’ Talk Lifts Bitcoin Above $106,000

Overview

• Bitcoin reclaimed roughly $106,000 and Ethereum topped $3,600 as total crypto market value climbed about 3%–5% with broad gains across major altcoins including XRP and Solana.
• The move followed Senate progress on a bill to reopen the federal government and President Trump’s proposal for a $2,000 tariff dividend, which traders viewed as near‑term liquidity catalysts.
• Coinglass data showed roughly $340 million to $360 million in liquidations over 24 hours, mostly shorts, while open interest and the Crypto Fear & Greed Index pointed to a tentative sentiment improvement.
• Liquidity gauges improved as the SOFR‑EFFR spread fell back near 0.05 and borrowing from the Fed’s standing repo facility returned to zero, with the dollar index’s rally stalling at resistance.
• Risks persist with sizable U.S. spot ETF outflows reported Friday ($558 million from Bitcoin funds and $46.6 million from Ether), technical resistance around $110,000–$115,000, and analyst warnings that staying below key realized‑price levels could invite further downside; several XRP analysts continue to flag an unfinished correction.