Bitcoin and Ethereum surged over the weekend as optimism returned to global markets following reports that the U.S. Senate has advanced a bill to end the prolonged government shutdown.
As of late Sunday night, Bitcoin jumped 4.4% to $106,119, while Ethereum rose 7.8% to $3,632, according to data. Other major cryptocurrencies followed suit — XRP climbed 8.4%, BNB gained 3.7%, and Solana matched Ethereum’s 7.8% rise.
The rally coincided with encouraging political developments in Washington, where senators reached a bipartisan agreement to fund the government after 40 days of shutdown. The Senate passed the measure in a 60–40 vote, setting the stage for further approval from the House of Representatives before it can reach President Donald Trump’s desk for final signature.
Market analysts said the breakthrough has helped ease concerns that had been weighing on financial markets for weeks.
“The prolonged shutdown drained liquidity in overnight funding markets and amplified volatility,” explained Peter Chung, head of research at Presto Research. “With this overhang lifting, investors are starting to price in a more supportive macro environment — one that could feature looser monetary policy and renewed fiscal stimulus heading into next year’s elections.”
Vincent Liu, chief investment officer at Kronos Research, agreed that improved sentiment is driving the rally.
“Crypto is climbing as Trump’s proposed tariff dividend boosts risk appetite,” Liu said. “The combination of easing political uncertainty and renewed optimism around fiscal measures is giving digital assets room to recover.”
President Trump’s proposal, shared on Truth Social, includes using tariff revenues to fund $2,000 dividend payments for Americans and to subsidize healthcare expenses — a plan that has further fueled speculation about potential economic stimulus.
Beyond short-term market relief, some analysts see the reopening of government operations as vital for economic policymaking. Jeff Mei, COO of BTSE, noted that the shutdown had temporarily cut off key data flows needed for Federal Reserve decision-making.
“With economic reports returning, the Fed will have more visibility to assess inflation and employment trends,” he said. “That could open the door for policy adjustments aimed at supporting growth.”
Nick Ruck, director of LVRG Research, added that improving liquidity conditions are also playing a major role.
“A softening dollar index and better funding conditions tend to favor risk assets, including cryptocurrencies,” Ruck said, though he cautioned that institutional inflows remain the dominant driver behind recent gains.
Looking ahead, traders are keeping an eye on several key factors: confirmation of the Senate’s deal, details of Trump’s proposed tariff dividend, and upcoming inflation data. Liu of Kronos noted that ETF inflows and Bitcoin’s dominance levels will also determine whether the rally spreads across the broader crypto market or remains concentrated among top-tier tokens.
