The U.S. government has reopened after a 41-day shutdown, but the cryptocurrency market remains cautious. Bitcoin is trading near $105,000, while Ethereum hovers around $3,500, with most altcoins in negative territory. The market's muted response is due to ongoing liquidity constraints and uncertainty regarding future monetary policy. Investors are closely monitoring potential rate cuts in December, the end of quantitative tightening, and the possibility of new quantitative easing measures in early 2026. Additionally, a draft crypto market structure bill and over 150 altcoin ETF filings highlight long-term regulatory and institutional interest, though immediate price impacts are limited. Meanwhile, gold's market cap has increased, reflecting a shift toward risk-off assets.