Bitcoin hits $105,000 as crypto rallies on prospect of end to government shutdown
Bitcoin (BTC-USD) climbed along with altcoins Ripple (XRP-USD) and Solana (SOL-USD) as investors went risk-on amid expectations of continued fiscal spending following progress toward ending the government shutdown.
President Trump’s suggestion of “dividend of at least $2,000” per person stemming from tariff revenue also buoyed growth sentiment as tech stocks led the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) higher.
Bitcoin jumped more than 1% to move above $105,000 after hitting a six-month low last week just under $100,000. Strategists have noted that government spending, once Washington reopens, should support crypto prices as increased liquidity enters the market. Ripple and Solana rose 10% and 3%, respectively.
