ETH is above $3,500, XRP has recovered $2.50.
The most likely reason for the recovery is the fact that the US government shutdown will finally end after a record 43 days of gridlock in Congress.
BREAKING: President Trump has officially signed a bill ending the US government shutdown.
The record shutdown of 43 days is over.
— The Kobeissi Letter (@KobeissiLetter) November 13, 2025
Trump signed a funding package late Wednesday to reopen the federal government, hours after the House of Representatives voted 222 to 209 in favor of an agreement between Republicans and centrist Senate Democrats.
Aside from reopening daily government operations, the deal will reverse the massive federal layoffs the POTUS carried out during the shutdown. Critical food and nutrition services should resume for tens of millions of Americans, and government workers will soon start receiving their paychecks.
Calling it a victory over Democrats, Trump said the legislation sends a “clear message that we will never give in to extortion because that is what they tried to extort.”
The end of uncertainty caused by the longest government shutdown in US history brought some relief to the cryptocurrency markets. Bitcoin, for example, had dipped below $101,000 a few times on Wednesday, but the deal resulted in an immediate rebound that pushed the price north by nearly $3,000.
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Previously, numerous experts, including Arthur Hayes, predicted that BTC’s next move would follow once the government shutdown ended.
Many altcoins also recovered: ZEC rose 12% daily, IP shot up 11%, while XRP has regained the $2.50 level. Ethereum is once again above $3,500, after rising 3% since yesterday.
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