Why Is Crypto Up Today?

TLDR

  • The US Senate reached a bipartisan deal to end the 40-day government shutdown, the longest in US history
  • Bitcoin jumped above $106,000 and the total crypto market cap increased by $128 billion in 24 hours
  • Ledger is considering an IPO in New York as demand for self-custody wallets grows after $2.17 billion in crypto thefts in early 2025
  • Former Ohio State Treasurer Josh Mandel lost over $1.2 million on BlackRock Bitcoin Trust call options
  • Bitcoin and spot ETFs have seen over $2.1 billion in outflows over the past eight trading days

The crypto market saw a sharp rally on November 10 as the US Senate reached an agreement to end the 40-day government shutdown. Bitcoin rose above $106,000 for the first time in nearly a…

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