"Bitcoin price surged to around $105,200 early Wednesday, rebounding sharply as optimism grew that the U.S. government shutdown - the longest in history - could soon end. The rally comes ahead of a House vote scheduled for 7 p.m. ET, where lawmakers are expected to approve a Senate-passed bill to reopen federal agencies through January 30, 2026. House Majority Leader Steve Scalise confirmed that the chamber would move swiftly on the measure, which cleared the Senate late Monday with bipartisan support."
"Eight Democrats joined Republicans to pass the bill, sending it to the House for final approval. President Donald Trump has signaled his support for the deal, saying he would sign it "immediately" once passed. "The deal is very good," Trump told reporters Monday. If enacted, the bill would restore funding for key agencies, including the Department of Agriculture and Veterans Affairs, and trigger the return of roughly 670,000 furloughed federal workers."
Bitcoin jumped to roughly $105,200 on optimism that the U.S. government shutdown could end after a Senate-passed bill to reopen federal agencies through January 30, 2026, moved to the House. The measure cleared the Senate with bipartisan support and prompted a swift House response, with the president indicating he would sign the bill immediately. The legislation would restore funding for agencies including Agriculture and Veterans Affairs and return about 670,000 furloughed federal workers. Renewed risk-asset sentiment helped Bitcoin recover from near $102,000, with technical support around $99,000 and resistance near $109,000–$111,000; a clean breakout above $116,000 could target $129,000.
Read at Bitcoin Magazine
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