Bitcoin Hits $106K as US Senate Ends Shutdown, Clearing ETFs
Bitcoin climbed above $106,000 after the US Senate voted 60-40 to advance a bipartisan deal ending the 40-day government shutdown. The rally marks a safe-haven response to prolonged political uncertainty and follows an all-time high near $126,080 reached during the shutdown. Analysts now expect a backlog of spot Bitcoin ETF filings to clear once the SEC resumes full operations, potentially unlocking new investment products. This development could boost institutional demand and increase market volatility. Traders should monitor SEC announcements and ETF approvals closely for short-term price swings and long-term inflows.
Bullish
The Senate vote ending the 40-day shutdown removed a major political risk for Bitcoin, triggering a safe-haven rally above $106K. Renewed SEC approval processes are expected to clear spot Bitcoin ETF backlogs, likely boosting institutional inflows. Historically, ETF launches correlate with higher liquidity and sustained price gains. Short-term traders may face increased volatility around regulatory updates, while long-term investors stand to benefit from accelerated product rollout and expanded market access. Overall, these factors support a bullish outlook for Bitcoin.