ETH is above $3500, XRP has recovered $2.50.
The price of Bitcoin fell again on Wednesday evening, briefly falling below $101,000 before making a notable recovery on Thursday morning.
The most likely reason for the spike is the fact that the US government shutdown will finally end after setting a record 43-day stalemate in Congress.
BREAKING: President Trump officially signed a bill ending the US government shutdown.
The record-setting 43-day government shutdown is over.
— Kobeissi’s letter (@KobeissiLetter) November 13, 2025
Trump signed a funding package to reopen the federal government on Wednesday night, hours after the House voted 222 to 209 to approve a deal reached between Republicans and centrist Senate Democrats.
In addition to reopening daily government operations, the deal will reverse the massive federal layoffs the POTUS executed during the shutdown. Critical food and nutrition services should resume for tens of millions of Americans, and government employees will soon begin receiving their paychecks.
Calling it a victory over Democrats, Trump said the legislation sends a “clear message that we will never give in to extortion, because that’s what it was, they tried to extort.”
The end of uncertainty caused by the longest government shutdown in US history brought some relief to cryptocurrency markets. Bitcoin, for example, had fallen below $101,000 a couple of times on Wednesday, but the deal resulted in an immediate rally that pushed it north by almost three thousand dollars.
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Previously, numerous experts, including Arthur Hayes, predicted that the next BTC rally would come once the government shutdown ended.
Many altcoins also recovered, with ZEC up 12% daily, IP soaring 11%, while XRP has regained the $2.50 level. Ethereum is above $3,500 once again after a 3% rise since yesterday.
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