- Senate advanced a bipartisan bill 60 to 40 to reopen the U.S. government and fund agencies to January 30, 2026.
- Shutdown-linked liquidity stress had pushed Bitcoin under $100,000 before the vote.
- After Senator Thune signaled a deal, Bitcoin jumped to about $106,155 and Ethereum to $3,603.
The U.S. Senate cleared the key hurdle to end the 40-day government shutdown, voting 60 to 40 to advance a bipartisan funding package that would restart federal agencies and carry core departments through January 30, 2026.
The agreement followed weekend talks in which Democrats agreed to back a modified House stopgap in return for the Trump administration rehiring furloughed staff and allowing a December vote on extending Obamacare tax credits.
Funding Deal Puts Core Agencies Back On Track
The bill will finance the Department of Agriculture, the Food and Drug Administration, the Department of Veterans Affairs, military construction and congressional operations for the rest of the fiscal year.
Lawmakers said the package is meant to remove the stop and start spending pattern that has hurt services and forced about 750,000 federal staff off payrolls. The Senate’s numbers showed Republicans and Democrats both wanted to end the disruption once the administration accepted the rehiring and health care vote conditions.
Shutdown Liquidity Squeeze Hit Risk Assets
The prolonged shutdown had tightened money conditions across U.S. markets. Approximately 750,000 federal employees had been laid off, and flight delays surged nearly 10% as air traffic controller pay was suspended. Analysts noted that the funding freeze stalled government spending and worsened liquidity conditions, weighing on both equity and digital asset markets.
Related: U.S. Shutdown Stalls 90 Crypto ETF Approvals in October, Freezes $10 Billion in Inflows
Bitcoin slid below the key $100,000 psychological level to $99,000 during the strain, while large altcoins followed lower. Some traders also pointed to investor caution after reports of a $1.1 billion short bet on AI stocks by Michael Burry, which fed risk aversion in the same window.
Senate Progress Triggered Crypto Rebound
Momentum began to shift after Senate Majority Leader John Thune suggested on Sunday that a resolution could be imminent. His comments led to a market rebound, with Bitcoin leading gains as traders saw the anticipated reopening of the government as a signal of returning liquidity.
As of press time, Bitcoin was trading at $106,155.82, recording a 4% surge over the past 24 hours. On the other hand, Ethereum traded at $3,603.28, recording a 5.68% gain over the last 24 hours.
Earlier: U.S. Government Shutdown 2025 Begins: What Triggered It and What It Means for Crypto Markets
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/senate-60-to-40-vote-gives-crypto-its-liquidity-back-today/
![[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?](https://99bitcoins.com/tr/wp-content/uploads/crypto-icons/bitcoin.svg){kind=icon}