Stocks Rally as Bitcoin Drops to $101K Before Shutdown Vote
US equity markets rallied on November 13, 2025, ahead of a crucial House vote to end the 40-day government shutdown. The Dow Jones Industrial Average surged 423 points (+0.9%) to a new intraday high, driven by gains in Goldman Sachs, JPMorgan Chase and American Express. The S&P 500 edged up 0.1% while the Nasdaq Composite dipped 0.3%, reflecting mixed tech sentiment. Safe-haven metals gained ground, with gold hitting around $4,180 and silver rising above $53. In contrast, Bitcoin pulled back 3.4%, sliding from $105,300 to near $101,200 as traders rotated into traditional assets. Despite this short-term weakness, spot Bitcoin ETFs saw a record $524 million of net inflows—the highest daily total since early October—signaling strong institutional interest. Investors are now eyeing upcoming Federal Reserve policy guidance, which could reignite Bitcoin’s momentum once government operations resume.
Neutral
The mixed signals—strong equity rally and safe-haven metal gains versus a near 3.4% drop in Bitcoin—point to a neutral market impact. Historically, periods of government funding uncertainty have driven short-term crypto sell-offs, as seen during the 2018 shutdown, followed by recoveries once clarity returned. Here, Bitcoin’s pullback reflects a temporary rotation toward traditional assets ahead of the shutdown vote. However, record spot ETF inflows and anticipation of potential Fed dovishness support a constructive long-term outlook. In the short term, traders may remain cautious, monitoring both Washington and the Fed for catalysts. Over the medium to long term, resumption of government operations and further ETF activity could reignite Bitcoin demand and restore bullish momentum.