Asia Market Open: Bitcoin Remains Steady while Stocks Gain Amid US Shutdown Resolution

Bitcoin remained stable in early Asian trading on Tuesday, while stocks and gold continued to rise as the United States made progress towards ending the longest government shutdown in history.

Key Takeaways

Bitcoin held steady as stocks and gold gained due to US Senate approval of a funding deal to end the government shutdown.
Senate legislation provides government funding until January 30, 2026, and reinstates salaries for laid-off workers.
Major global stock indices saw gains, while safe-haven assets eased.
Regulatory advancements regarding cryptocurrency are encouraging institutional investment.
A clearer regulatory environment and easing macroeconomic concerns are poised to boost the cryptocurrency market.

Bitcoin

The Senate approved a funding plan late Monday, which aims to restore federal operations. The bill is now set to go to the House for a vote before being presented to President Trump for final approval.

Asian stock markets mostly moved up. South Korea’s Kospi gained 1.3%, recovering some of last week’s losses, while Japan’s Nikkei rose 0.4%. However, markets in Hong Kong and mainland China saw slight declines by mid-morning, indicating more cautious sentiment among investors. S&P 500 futures remained steady.

Market Overview

Bitcoin: $105,373, down 0.9%
Ether: $3,548, down 1.4%
XRP: $2.48, up 1.4%
Total cryptocurrency market cap: $3.64 trillion, down 0.7%

Markets Rebound as US Senate Moves to End 40-Day Shutdown

The wave of relief extended beyond the stock markets. Gold prices surged nearly 3% overnight, maintaining levels comfortably above $4,100 during Asian trading hours. The Nasdaq increased by 2.3%, recovering much of the previous week's losses, which had resulted from trader concerns about the profitability of high-value AI-linked stocks.

The market dynamic shifted positively after the US Senate voted 60-40 to approve funding for federal agencies, effectively bringing an end to the shutdown that lasted over 40 days. This legislation ensures government funding until January 30, 2026, restores salaries and employment for laid-off federal workers, secures food assistance through September 2026, and promises a vote in December regarding Affordable Care Act subsidies.

House Speaker Mike Johnson expressed urgency for a swift vote in the House, possibly as soon as Wednesday. The market is already factoring in a quick resolution, with prediction platforms showing strong confidence that the shutdown will conclude this week.

Markets Embrace Risk as Shutdown Progress Eases Expectations for Fed Action

Safe-haven assets saw some easing as investors returned to riskier investments. The yen weakened, and US Treasury yields initially rose, indicating less interest in safe investments. This effect later diminished as Federal Reserve officials dismissed notions of a rapid interest rate cut, prompting bond traders to reevaluate the extent of easing the Fed might permit in December.

The tone of the Fed is particularly significant for cryptocurrencies. Bitcoin often acts as a high volatility asset in response to changes in liquidity expectations. A credible path towards concluding the shutdown alleviates one area of fiscal strain, stabilizes investor sentiment, and minimizes chances of forced selling in the digital markets that had been preparing for prolonged uncertainty in Washington.

Boosted Institutional Flows into Crypto Through Clearer Rules and Market Relief

“Global risk appetite surged today with a rally in US equities, led by NVIDIA’s impressive 5.8% gain, its most significant one-day rise since April,” commented Riya Sehgal, a research analyst at Delta Exchange. She noted that the rebound in major tech stocks has sparked renewed optimism across risk assets, some of which is now flowing into cryptocurrency markets.

Sehgal highlighted that regulatory developments are amplifying this positive momentum. She referenced the Senate's actions to reopen the government, a bipartisan draft in the Agriculture Committee that would give the CFTC clearer authority over digital commodities, and new IRS guidance permitting crypto ETFs and trusts to earn staking rewards.

These signals are supporting inflows and propelling Bitcoin's recovery from $100,000 towards $107,000, with Ether trading above $3,600. Should Bitcoin break through the $107,000 to $111,000 resistance level, a wider uptrend for major digital assets could be anticipated.

Gracy Chen, CEO of Bitget, indicated that the Senate’s shutdown agreement is a step towards restoring economic stability. She regarded the push for clarified CFTC oversight of cryptocurrency as a long-awaited advancement for the industry, enhancing market predictability and trust.

“Together, these developments indicate a regulatory landscape maturing in a way that fosters innovation while avoiding growth suppression,” Chen stated. With easing macro stress, institutional investments are more likely to enter under favorable regulations, potentially increasing liquidity, trading volumes, and overall market participation as the year concludes.