Asia Market Open: Bitcoin, Global Markets Climb as US Shutdown Negotiations Show Signs of Progress
Bitcoin jumped again above $106,000 as Asia opened on Monday, and regional shares superior as Washington moved closer to ending the historic US government shutdown.
The Senate on Sunday superior a 60-vote cloture deal to reopen the federal authorities, sending the package deal to the House and President Trump for approval.
The settlement funds operations by means of Jan. 30, 2026, reverses sure worker firings, secures SNAP advantages by means of fiscal 2026 and units up a December vote on Affordable Care Act subsidies.
Relief over a near-term decision fed threat urge for food, and merchants rotated into larger beta property.
Nasdaq futures rose 0.8% and S&P 500 futures gained 0.5% in early commerce, signaling a firmer Wall Street open.
Crypto mirrored the swing in sentiment. After the early pop, Bitcoin final traded close to $106,097, up 4.4% from 24 hours earlier.
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 superior 2%, and in Europe, Euro Stoxx 50 and DAX futures gained 1.3% every.
Bond markets signaled a modest unwind of security trades. The US 10-year yield edged as much as about 4.13%, whereas the two-year rose to roughly 3.59%. The greenback recovered half of final week’s pullback as traders reassessed the expansion outlook towards a affected person Federal Reserve.
Inside Washington, the extended shutdown has strained the economic system. Federal employees throughout airports, legislation enforcement and the army have gone unpaid, and the central financial institution has confronted information gaps with restricted authorities reporting.
Shutdown Fallout Weighs On Confidence, Keeping Investors Cautious
White House financial adviser Kevin Hassett mentioned fourth-quarter GDP may flip damaging if the shutdown continued.
Consumer nerves confirmed up within the information. US consumer sentiment fell to near a three-and-a-half-year low in early November as households weighed the potential fallout, including one other layer of uncertainty to buying and selling desks.
For crypto, the trail to a deal issues. The shutdown had tightened liquidity throughout pockets of the market and elevated volatility round macro releases, so clearer fiscal footing lowers tail dangers and helps positioning in digital property delicate to progress and threat cycles.
Wall Street Eyes Shutdown Vote After Turbulent Week For Tech Stocks
Equity traders saved one eye on final 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 audio system final week signaled a choice to go gradual on additional charge cuts, and up to date employment readings hinted at softening momentum. Traders, balancing these indicators with the shutdown information, leaned towards a constructive begin to the week.
As the House takes up the Senate package deal and the White House opinions it, markets will watch the timeline intently. A clear passage retains the aid bid intact, whereas any snag may revive volatility throughout each shares and crypto.
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