Bitcoin, the world’s leading cryptocurrency, surged past the $100,000 milestone on Monday, reaching an intraday high of $106,437, according to CoinGecko. The dramatic upswing coincided with a pivotal development in the United States: the US Senate voted 60-40 to advance a bill aimed at ending the longest-ever government shutdown, which had lasted 40 days.

The shutdown, which began on October 1, stemmed from congressional deadlock over funding allocations. Democrats sought to extend certain healthcare subsidies, while Republicans opposed these measures along with other spending provisions. Interestingly, Bitcoin had already seen a notable rally during the early days of the shutdown, reaching an all-time high of $126,080, but its momentum faltered as the deadlock persisted.

Market analysts note that the resolution of the shutdown could significantly impact the cryptocurrency sector, particularly the approval and launch of Bitcoin ETFs. Nate Geraci, a respected financial analyst, highlighted that ending the shutdown may accelerate regulatory clarity for digital asset investments and restore confidence among institutional investors.

The recent surge underscores Bitcoin’s resilience amid geopolitical and fiscal uncertainty, reflecting growing investor confidence in its role as a hedge against traditional market disruptions. Traders and investors are closely monitoring whether this bullish trend can sustain itself as the US government moves toward fully resuming operations.