Bitcoin Surges Past $106,000 as US Government Shutdown Nears Resolution

Bitcoin climbed sharply on Monday, briefly breaking above the $106,000 mark to reach an intraday high of $106,437, according to CoinGecko data. The rally coincided with the US Senate’s vote to advance a deal that would bring an end to the longest government shutdown in American history, now stretching to 40 days.

The bill, which passed by 60 votes to 40, marks a key step toward restoring government operations after the shutdown began on 1 October, when Congress failed to approve the necessary funding measures. The impasse stemmed largely from disagreements between Democrats, who sought to extend certain healthcare subsidies, and Republicans, who opposed the proposals alongside other budget items.

Bitcoin’s price action has closely tracked the political deadlock. During the early days of the shutdown, the cryptocurrency surged to a record high of $126,080, before losing momentum as the stalemate persisted.

Analysts now suggest that the resolution of the shutdown could unleash a wave of long-delayed regulatory activity. Nate Geraci, a leading ETF specialist, said that the end of the shutdown may open the floodgates for spot Bitcoin exchange-traded funds (ETFs) to progress.

The US Securities and Exchange Commission (SEC) has been operating with limited capacity during the shutdown, slowing its ability to review a growing backlog of ETF applications. While a few filings have advanced under “automatic effectiveness” provisions, Geraci noted that the real wave of approvals is yet to begin, hinting at renewed momentum for the next phase of institutional Bitcoin adoption.