The post 5 Key Reasons Why the Crypto Market Is Up Today? appeared first on Coinpedia Fintech News Following last week’s sharp decline, the cryptocurrency market has rebounded with strong momentum. In just 24 hours, global crypto valuation jumped nearly 5%, reaching $3.58 trillion. Bitcoin climbed past $107,000, while Ethereum, Solana, and XRP saw double-digit gains. But what’s causing this sudden market comeback? Here are five key reasons driving the rally. Trump’s $400 …The post 5 Key Reasons Why the Crypto Market Is Up Today? appeared first on Coinpedia Fintech News Following last week’s sharp decline, the cryptocurrency market has rebounded with strong momentum. In just 24 hours, global crypto valuation jumped nearly 5%, reaching $3.58 trillion. Bitcoin climbed past $107,000, while Ethereum, Solana, and XRP saw double-digit gains. But what’s causing this sudden market comeback? Here are five key reasons driving the rally. Trump’s $400 …

5 Key Reasons Why the Crypto Market Is Up Today?

2025/11/10 13:59
Why the Crypto Market Is Up Today

The post 5 Key Reasons Why the Crypto Market Is Up Today? appeared first on Coinpedia Fintech News

Following last week’s sharp decline, the cryptocurrency market has rebounded with strong momentum. In just 24 hours, global crypto valuation jumped nearly 5%, reaching $3.58 trillion. Bitcoin climbed past $107,000, while Ethereum, Solana, and XRP saw double-digit gains. But what’s causing this sudden market comeback? Here are five key reasons driving the rally.

Trump’s $400 Billion Tariff Dividend

The biggest jump came from Donald Trump’s announcement of a massive “tariff dividend,” a $2,000 payment for Americans funded by U.S. tariff revenues. This move, expected to inject over $400 billion into the economy, immediately lifted market sentiment.

Traders believe a portion of this money could flow into risk assets, such as Bitcoin and altcoins, just as previous stimulus checks fueled rallies in 2021.

Government Shutdown Nearing Its End

Adding to the positive tone, Washington finally appears close to ending its prolonged government shutdown. A bipartisan deal reached over the weekend promises stability, avoiding layoffs and restoring key government functions. 

This move removes a major risk factor and brings back the release of vital economic data on jobs and inflation, both key for market stability.

  • Also Read :
  •   Trump Stimulus Check Could Trigger New Crypto Bull Run
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SOFR Rate Declines to Multi-Year Low

Another key reason behind this rally is the steady decline in the Secured Overnight Financing Rate (SOFR), now sitting at its lowest level in years. This rate reflects the cost of short-term borrowing among major banks. 

When SOFR drops, it typically encourages investors to take on more risk, a key reason why both stocks and crypto are seeing inflows again.

Massive Short Liquidations

Bitcoin’s jump above $106K triggered massive short liquidations, forcing traders to close bearish positions and fueling a rapid market rebound. In just 24 hours, over 118,000 traders were liquidated, totaling $342 million, with the largest single order worth nearly $19 million on Hyperliquid.

Surge in Trading Volume and Open Interest

Crypto trading activity has picked up again, signaling growing investor participation. Open interest in crypto futures rose 5% in 24 hours to $148 billion, showing traders are regaining trust and re-entering the market with leverage.

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FAQs

Why is the crypto market surging today?

The market is rising due to Trump’s tariff dividend plan, easing shutdown risks, lower SOFR rates, short liquidations, and higher trading activity.

How does Trump’s $2,000 tariff dividend affect crypto prices?

A large cash injection boosts investor confidence and may push some Americans to buy crypto, lifting prices across major coins.

Is the end of the U.S. government shutdown helping the crypto market?

Yes. A likely end to the shutdown restores stability and key economic data, improving risk sentiment and supporting crypto gains.

Why are trading volumes and open interest rising?

More traders are returning to the market with leverage as confidence improves, pushing up trading volumes and open interest.

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Coinstats2025/11/10 17:09
[LIVE] Crypto News Today, November 10 – Why Is Crypto Up Today? Trump Stimulus Checks Push BTC Above $106K, XRP Price +8%: Best Crypto to Buy Now?

[LIVE] Crypto News Today, November 10 – Why Is Crypto Up Today? Trump Stimulus Checks Push BTC Above $106K, XRP Price +8%: Best Crypto to Buy Now?

The crypto market is on fire today. Total market value jumped almost 5% to over $3.58 trillion in just 24 hours. Bitcoin BTC $106,003.16 3.92% Bitcoin BTC Price $106,003.16 3.92% /24h Volume in 24h $51.42B Price 7d Learn more broke $106,000, Ethereum ETH $3,595.22 7.03% Ethereum ETH Price $3,595.22 7.03% /24h Volume in 24h $32.97B Price 7d Learn more passed $3,600, and XRP XRP $2.48 8.41% XRP XRP Price $2.48 8.41% /24h Volume in 24h $4.34B Price 7d Learn more  gained more than 8%. The main reason? President Trump promised $2,000 cash payments to most Americans, paid from tariff money. Many people remember how Covid stimulus checks sent crypto prices crazy, and traders believe this new money will do the same. Time to look for the best crypto to buy? That hope pushed Bitcoin up 4.14% to $106,170. Another big boost came when the Senate moved forward with a bill to end the long government shutdown. Less political drama means the SEC can work normally again and approve crypto ETFs faster. Everyone feels safer to buy. On X in the past 24 hours, almost every post is super positive. People are calling the $2,000 payment “free money for Bitcoin.” Some quick math shows the plan could cost $300–600 billion. Even if only a small part goes into crypto, prices could explode. Institutional money is also coming back strong, with $170 billion flowing into Bitcoin and Ethereum ETFs. Charts look good too: the whole market broke above important moving averages and left the oversold zone. the last time we had a massive stimulus of this nature from the United States government was in 2020, during COVID shortly after, crypto had an aggressive and sustained melt-up that resulted in new ATHs for $BTC, $ETH, and other majors at the time – BTC went parabolic and… https://t.co/iKnPLvUijY pic.twitter.com/4YMqfUG9Be — Unipcs (aka 'Bonk Guy') (@theunipcs) November 9, 2025 EXPLORE: Top 20 Crypto to Buy in 2025 Best Crypto to Buy Now: Top Winners in This Bitcoin Bounce Bitcoin is back above $106K thanks to Trump’s cash idea and the shutdown fix (House vote expected November 12). Altcoins are doing even better, which usually happens when Bitcoin stabilizes.  XRP $2.48 (+8.62%) – strong because of new ETF rumors and faster global payments. Zcash ZEC $662.61 12.75% Zcash ZEC Price $662.61 12.75% /24h Volume in 24h $2.71B Price 7d Learn more  $664.54 (+15.46%) – biggest winner, people want more privacy coins right now. Ethereum $3,600 (+5.46%) – ETFs keep growing, already $20.35 billion in assets. Solana $166.95 (+4.92%) and Chainlink LINK $16.27 7.10% Chainlink LINK Price $16.27 7.10% /24h Volume in 24h $728.94M Price 7d Learn more  $16.32 (+6.61%) – both show great chart strength. Which altcoins could be worth watching? Zcash and Monero are riding the privacy-meta momentum with huge daily gains, while Hyperliquid HYPE8 $42.53 5.62% Hyperliquid HYPE8 Price $42.53 5.62% /24h Volume in 24h $296.86M Price 7d Learn more  (up 6.03%) continues to show strong performance even in a highly volatile market. With possible hundreds of billions in fresh stimulus money coming, the market looks ready for more gains. Just stay careful – traders are still adding leverage slowly. If Bitcoin holds $106K, the next stop could be $110K or higher. 8 minutes ago Japan Plans New Registration Rules for Crypto Custody and Trading Services By Fatima Japan’s Financial Services Agency (FSA) is preparing new regulations that would require digital asset custodians and trading management service providers to register with authorities before working with crypto exchanges, according to a report by The Block citing Nikkei. Currently, only exchanges are required to manage user deposits securely, typically through cold wallets, while third-party custodians operate without comparable oversight. The proposed framework aims to close these regulatory gaps and prevent incidents like the 2024 DMM Bitcoin hack, which resulted in the loss of around ¥48.2 billion ($312 million) due to a breach linked to software firm Ginco. Most members of the FSA’s working group reportedly support the plan, which could lead to amendments to the Financial Instruments and Exchange Act in 2026. Meanwhile, the FSA is also expanding its stablecoin initiatives, approving the yen-pegged JPYC and backing a pilot with Japan’s three largest banks. The post [LIVE] Crypto News Today, November 10 – Why Is Crypto Up Today? Trump Stimulus Checks Push BTC Above $106K, XRP Price +8%: Best Crypto to Buy Now? appeared first on 99Bitcoins.
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Coinstats2025/11/10 17:14