Bitcoin & Global Markets Surge as US Shutdown Fears Ease—Asia Opens Bullish
Markets breathe a sigh of relief as Washington inches toward a deal.
Risk assets rally:
Bitcoin leads the charge, with Asian equities catching the updraft from Wall Street's optimism. No hard numbers? Classic finance—always precise until it's not.
Behind the momentum:
Progress on US budget talks trumps short-term fears, fueling a classic 'buy the rumor' play. Traders pile in, hedging against the next self-inflicted political crisis.
The cynical take:
Another last-minute DC band-aid—just enough to keep the gravy train rolling until the next cliff-edge deadline.
Market snapshot
- Bitcoin: $106,097, up 4.4%
- Ether: $3,636.14, up 7.9%
- XRP: $2.44, up 7.8%
- Total crypto market cap: $3.66 trillion, up 4.8%
Investors Looked Past Recent Volatility As Liquidity Returned To Equities And Crypto
Across equities, MSCI’s Asia ex-Japan index added 0.5% and Japan’s Nikkei rose 0.6%. South Korea’s Kospi advanced 2%, and in Europe, Euro Stoxx 50 and DAX futures gained 1.3% each.
Bond markets signaled a modest unwind of safety trades. The US 10-year yield edged up to about 4.13%, while the two-year rose to roughly 3.59%. The dollar recovered part of last week’s pullback as investors reassessed the growth outlook against a patient Federal Reserve.
Inside Washington, the prolonged shutdown has strained the economy. Federal workers across airports, law enforcement and the military have gone unpaid, and the central bank has faced data gaps with limited government reporting.
NEW: U.S. GOVERNMENT SHUTDOWN PREDICTED TO END NOV. 14 ON @Polymarket , AS AXIOS REPORTS AT LEAST 10 SENATE DEMOCRATS WILL BACK PROCEDURAL MOTION FOR SPENDING BILLS AND SHORT-TERM FUNDING THROUGH JANUARY
SOURCE: https://t.co/niBILMkqxl pic.twitter.com/rNHNAenYqn
Shutdown Fallout Weighs On Confidence, Keeping Investors Cautious
White House economic adviser Kevin Hassett said fourth-quarter GDP could turn negative if the shutdown persisted.
Consumer nerves showed up in the data. US consumer sentiment fell to near a three-and-a-half-year low in early November as households weighed the potential fallout, adding another LAYER of uncertainty to trading desks.
For crypto, the path to a deal matters. The shutdown had tightened liquidity across pockets of the market and increased volatility around macro releases, so clearer fiscal footing lowers tail risks and supports positioning in digital assets sensitive to growth and risk cycles.
Wall Street Eyes Shutdown Vote After Turbulent Week For Tech Stocks
Equity investors kept one eye on last week’s shakeout. Concerns over stretched valuations in AI-linked names sparked the Nasdaq Composite’s worst week since April’s tariff-driven selloff, with the index down 3%. The S&P 500 fell 1.6% and the Dow slipped 1.2% for the week.
Fed speakers last week signaled a preference to go slow on further rate cuts, and recent employment readings hinted at softening momentum. Traders, balancing those signals with the shutdown news, leaned toward a constructive start to the week.
As the House takes up the Senate package and the WHITE House reviews it, markets will watch the timeline closely. A clean passage keeps the relief bid intact, while any snag could revive volatility across both stocks and crypto.
