Bitcoin has surged past $106,000 as optimism grows over the potential end of the US government shutdown. The cryptocurrency's price spike to $106,500 comes as President Trump pledges $2,000 payments to most Americans, echoing COVID-era stimulus measures. Despite the bullish momentum, Bitcoin derivatives traders remain cautious, with limited interest in betting on new highs.
Market sentiment is further influenced by the upcoming release of US inflation data, which could provide insights into future Federal Reserve policy. Meanwhile, Bitcoin whales continue to sell, although long-term accumulation trends suggest a positive outlook. The recent market activity has been marked by significant liquidations, with $350 million in cross-crypto liquidations recorded in 24 hours.
Bitcoin Surges Above $106,000 Amid US Government Reopening Hopes
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