Bitcoin traded near $105,200 on Tuesday morning as crypto markets stabilized following reduced macroeconomic uncertainty and renewed institutional accumulation. Ethereum hovered around $3,550 while total crypto market capitalization remained near $3.6 trillion. The stabilization came as policy clarity improved and concerns over a U.S. government shutdown eased.

Nasdaq-listed Bitcoin miner CleanSpark has announced a $1.15 billion senior convertible note offering. The company will allocate $460 million for stock repurchases at $15.03 per share. Remaining proceeds will fund expansion of mining capacity, data center infrastructure, and repayment of Bitcoin-backed loans, according to CleanSpark.

CryptoQuant founder Ki Young Ju outlined competing price trajectories for Bitcoin, citing billions in whale liquidations above $100,000 that create supply pressure. Large holders have distributed significant positions since the asset crossed six figures, according to on-chain data. The analyst noted that sustained institutional inflows from Strategy and spot ETFs have offset what could otherwise develop into prolonged bearish conditions.

Bitcoin climbed 290% in the five months following the 2018-2019 U.S. government shutdown, rising from approximately $3,500 to nearly $14,000. With the Senate advancing legislation to end the current 40-day shutdown—the longest on record—Bitcoin trades near $105,000. Analysts question whether the 2019 pattern can repeat, citing stark differences in market structure, valuation levels, and macroeconomic conditions between the two cycles.

Bitcoin is trading around 20% below its all-time high of $126,000, but technical indicators point to a potential rally. The cryptocurrency has closed above the 50-day Exponential Moving Average on the weekly chart, a level that has supported major advances over the past two and a half years, according to analysts at The Bull Theory. With the Relative Strength Index holding multi-year support and the MACD indicator nearing a reversal zone, projections suggest price targets between $160,000 and $180,000 in early 2026.

Bitcoin is trading around $106,700 as Nasdaq and Cboe prepare to launch regulated spot and leveraged cryptocurrency trading next month, according to the U.S. Commodity Futures Trading Commission. The development is expected to enhance liquidity and attract institutional participation. Analysts project potential upside toward $111,000, supported by improving market fundamentals and easing fiscal uncertainty.

Bitcoin traded near $106,000 on Monday as investors responded to expectations that the US government shutdown may soon conclude. The cryptocurrency recovered from early session losses, while broader risk assets also advanced. Ending the shutdown could release $150 billion to $200 billion from the Treasury General Account into bank reserves, historically supportive of cryptocurrencies, according to Arca. However, the 39-day shutdown has stalled critical digital asset legislation including the CLARITY Act and the Senate's market structure bill.

Strive Asset Management purchased 1,567 BTC for approximately $162 million, bringing its total holdings to 7,525 BTC. The acquisition positions Strive ahead of Galaxy Digital, which holds 6,894 BTC, according to BitcoinTreasuries.net. The purchase was funded through a perpetual preferred stock IPO priced at $80 per share.