SINGAPORE — November 9, 2025 — Bitcoin and Ethereum rebounded strongly on Monday, as traders across Asia priced in optimism that the U.S. government shutdown could end within days. Improved risk sentiment pushed crypto and equity markets higher following weeks of volatility.
Bitcoin and Ethereum Rally as Market Confidence Returns
Bitcoin rose 4.2% to $106,269, while Ethereum gained 7.4% to $3,643, according to CoinDesk data. The recovery helped both assets erase a portion of last week’s losses, as liquidity and confidence returned to major cryptocurrencies.
Traders on Polymarket sharply increased their bets on a near-term resolution, with odds of a reopening by November 12 climbing after U.S. Senate negotiators reached a bipartisan agreement late Sunday. The deal funds government operations through January 30, reinstates laid-off federal workers, and secures a December vote on Affordable Care Act tax credits.
Political Progress Sparks One of the Sharpest Sentiment Reversals of 2025
Just a day earlier, markets priced in a 63% chance that the shutdown would stretch beyond November 16. However, confidence surged after President Trump told reporters, “We’re getting close to the shutdown ending,” signaling the administration’s readiness to approve the deal.
The shift represents one of the most dramatic market sentiment reversals of the year, driving renewed momentum in risk assets across Asia-Pacific trading sessions.
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Economic Disruptions Continue Despite Renewed Optimism
While optimism grows in Washington, several critical U.S. services remain disrupted. The Federal Aviation Administration (FAA) has implemented a 4% reduction in flights, resulting in thousands of cancellations, and the USDA has paused food-stamp payments to millions of beneficiaries.
Despite these challenges, global markets — including crypto — are showing signs of recovery, with analysts pointing to the easing of political uncertainty as a catalyst for improved trading conditions.
Shutdown Resolution Fuels Broad Market Rebound
Analysts noted that a successful conclusion to the 40-day shutdown would likely restore short-term liquidity and stimulate renewed investor participation across digital assets. The optimism also benefited equities in Asia, with major indices posting gains during Monday’s trading sessions.
“Risk sentiment is back as traders anticipate a near-term resolution,” said Kenji Watanabe, an analyst at CryptoQuant Asia. “Bitcoin and Ethereum are both seeing renewed inflows from institutional traders.”
Traders Eye Delays in U.S. Crypto ETF Approvals
Despite the positive developments, crypto investors remain cautious about regulatory timelines. Market participants now expect delays in the SEC’s review of the proposed Cardano (ADA) ETF, which was once considered likely for approval by year-end.
CoinDesk reported that approval odds for an ADA ETF have dropped from 90% to 38%, reflecting skepticism over the SEC’s capacity to process applications amid the government shutdown.
Market Overview: Short-Term Rally Supported by Improving Liquidity
According to CoinDesk’s Crypto Daybook Americas, the combination of easing political tensions and renewed risk appetite has supported a short-term technical rebound in major digital assets. Bitcoin is now trading above critical support levels, while Ethereum’s strong recovery suggests improving momentum among high-beta tokens.
- BTC (Bitcoin): +4.2% to $106,269
- ETH (Ethereum): +7.4% to $3,643
Analysts predict that a confirmed reopening of the U.S. government could push Bitcoin toward $110,000 in the near term, provided that broader macroeconomic indicators remain stable.
