US Shutdown Over! Bitcoin Rockets Past $102,000 - Is This the Crypto Comeback?

Crypto

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Updated on 13 Nov 2025, 07:51 am

Bitcoin has seen a rebound, surpassing $102,000 after a dip to weekly lows. This recovery coincides with the resolution of the 43-day US government shutdown, signed by President Donald Trump. Analysts suggest this signals a temporary investor preference for policy-linked assets and a split in risk appetite between safe havens and cyclical exposures. The end of the shutdown brings relief but also marks a period of readjustment. Riya Sehgal, a research analyst at Delta Exchange, noted that the reopening of agencies like the SEC and CFTC is crucial as it revives pending ETF approvals and crypto-related rulemaking, offering long-term regulatory clarity. The data blackout caused by the shutdown also positions the Federal Reserve to adopt a dovish stance ahead of its December meeting, which could weaken the US dollar and support risk assets like Bitcoin and Ethereum. At the time of reporting, Bitcoin was trading around $102,708, showing a slight decline over 24 hours but maintaining a market capitalization of $2.04 trillion. On-chain data indicates accumulation by long-term holders, with significant recent purchases by Ethereum 'whales.' This divergence between cautious sentiment and active accumulation suggests underlying confidence. Vikram Subburaj, CEO of Giottus, advises treating this as a macro-led pause, with capital rotating towards equities and gold. He recommends buying crypto only on confirmed closes above $105,000 with improving spot volume, using $100,000 as a risk level. He also suggests keeping exposure light until stability is confirmed and the market sees ETF inflows and broader breadth across major cryptocurrencies. Ethereum showed strong investor demand, trading around $3,533, up over 24 hours, despite an earlier dip. Other cryptocurrencies like XRP, BNB, Dogecoin, and Cardano also saw gains, while Hyperliquid, TRON, USDC, and Solana experienced slight declines.

Impact: This news has a moderate impact on the Indian stock market, primarily through influencing global risk sentiment. A recovery in major cryptocurrencies can boost investor confidence and potentially lead to increased investment flows into related sectors or overall market speculation. The regulatory clarity aspect is also significant for long-term investment in the digital asset space. Rating: 6/10

Difficult Terms Explained: * **Dovish**: Refers to a monetary policy stance that favors lower interest rates and looser monetary conditions to stimulate economic growth. * **Risk Assets**: Investments that carry a higher degree of risk, such as stocks, cryptocurrencies, and commodities, but also offer the potential for higher returns. * **On-chain Data**: Information derived from blockchain transactions, such as transaction volume, wallet balances, and network activity, used to analyze cryptocurrency market trends. * **Whale Purchases**: Large-volume purchases of cryptocurrency by wealthy individual investors or entities, often referred to as 'whales,' which can potentially influence market prices. * **Protective-Put Demand**: A rise in demand for put options, which are contracts giving the owner the right, but not the obligation, to sell an asset at a specified price, used by investors to hedge against potential price declines. * **TWAP (Time-Weighted Average Price)**: An execution algorithm used in trading to minimize market impact and slippage by breaking a large order into smaller pieces executed over a specific time period, based on the average price during that time.