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Bitcoin hits $105,000 as crypto rallies on prospect of end to government shutdown
Bitcoin (BTC-USD) climbed along with altcoins Ripple (XRP-USD) and Solana (SOL-USD) as investors went risk-on amid expectations of continued fiscal spending following progress toward ending the government shutdown. President Trump's suggestion of "dividend of at least $2,000" per person stemming from tariff revenue also buoyed growth sentiment as tech stocks led the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) higher. Bitcoin jumped more than 1% to move above $105,000 after hitting a six-month low last week just under $100,000. Strategists have noted that government spending, once Washington reopens, should support ... (full story)
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On today's episode of CNBC Crypto World, cryptocurrencies rise after Democrats strike a deal with Republicans in the Senate to fund the government. Plus, Crypto World explains why the Trump Administration wants to allow crypto in mortgage applications. And, Sam Callahan of OranjeBTC discusses his outlook for the crypto market through the end of 2025.
FED'S MIRAN: POTENTIAL END TO GOVERNMENT SHUTDOWN DOESN'T CHANGE OUTLOOK MUCH Fed's Miran: Data since September suggests Fed should be more dovish than its September view. FED'S MIRAN SAYS INFLATION DATA IS STALE AND IT IS COMING DOWN Fed's Miran: Some of my colleagues are looking at backwards-looking inflation. MIRAN: 50 BPS CUT APPROPRIATE FOR DECEMBER, 25 BPS AT A MINIMUM
From startrader.com | Nov 10, 2025
Bitcoin has shown strong recovery momentum after falling below $100,000 multiple times last week and bottoming near $98,900. The cryptocurrency bounced sharply, reclaiming key short-term moving averages. The crossover between the 5- and 10-period moving averages on the 4H chart reflects renewed buying pressure, with the price now attempting to stabilize ...
