Bitcoin Holds Near $106,000 as Markets Anticipate End to US Government Shutdown

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.