Bitcoin Price Surges 2% As Trump Signs Bill To End 43-Day U.S. Government Shutdown

The Bitcoin price surged 2% in the past 24 hours, trading at $103,218, amid a 12% daily trading volume surge to $72.4 billion.

This comes as President Donald Trump signs a bill to reopen the U.S. government after a 43-day shutdown, the longest in American history. The move follows a 222-209 vote in the House and a 60-40 vote in the Senate to end the shutdown. The bill restores pay for 800,000 government workers and restarts key services, but excludes extra funding for health care and food assistance programs.

Trump blamed Democrats for the shutdown, saying it caused major flight delays and left millions without pay or benefits. White House officials also said the October jobs and inflation data may not be released.

The development also boosted the crypto market, with Bitcoin rising over 1% to $102,400, Ethereum gaining 2% to $3,450, and XRP jumping 4% to $2.44. The global crypto market cap increased to $3.45 trillion as trading activity and investor optimism grew.

Bitcoin Price Holds Above $102K as Bears Keep Control

Bitcoin (BTC) is trading at around $102,904, up 1.23% in the last 24 hours. The price is attempting to remain above the key $100,000 support level as bears continue to exert control over the market.

According to the chart Bitcoin remains bearish on the 1-hour, 4-hour, and daily charts. This means sellers are still stronger than buyers. The chart shows several “Change of Character” (ChoCH) and “Break of Structure” (BOS) signals, which confirm a downtrend with lower highs and lower lows forming since mid-October.

The main resistance zone is near $110,000, where the price was rejected several times before. If Bitcoin fails to break above this level, it may continue falling toward $100,000 or even $90,000. A stronger sell-off could push BTC lower toward the $74,500 support area seen earlier this year.

BTCUSDT Analysis Source: Tradingview

However, the short-term chart shows a bit of hope. The 15-minute trend has turned slightly bullish, meaning buyers are trying to push the price up again. If Bitcoin stays above $100,000 and moves past $110,000, it could trigger a stronger recovery toward $126,000 — the last major high.

For now, traders remain cautious. The overall market is still weak, and confidence is low after several weeks of selling pressure.

In short, Bitcoin is holding steady above $102,000, but the trend is still bearish. The $100,000 level is the key area to watch. If it holds, BTC could rebound. If it breaks, more downside movement is likely.