Bitcoin (BTC) Price News: Holds Above $105K; XRP Leads on ETF Optimism, ZCASH, XMR Cool Off
Bitcoin held near $106K as optimism about ending the government shutdown boosted risk sentiment, while XRP surged on ETF anticipation.Summary
Bitcoin maintained its position above $105,000, recovering from an early dip, as market sentiment improved due to expectations that the 39-day U.S. government shutdown might soon conclude. This optimism was further fueled by a potential $150–$200 billion liquidity injection from the Treasury General Account upon the shutdown's end, which historically benefits risk assets like crypto. Among altcoins, XRP surged 9% on spot ETF trading anticipation, while Zcash and Monero cooled off after recent gains. However, David Nage, head of research at Arca, warned that the shutdown is stalling crucial legislative progress, such as the CLARITY Act and digital asset market structure bills. If comprehensive regulation is delayed past 2026 due to political timelines, the industry could miss the clarity needed to attract institutional capital.
(Source：CoinDesk)