The end of the US shutdown provoked a sharp rise in the crypto market

The cryptocurrency market surged on Monday, adding about $ 170 billion in capitalization overnight. The total value of all digital assets reached $ 3.58 trillion, which is $ 170 billion more than the day before, according to CoinMarketCap.

The leader of the recovery was bitcoin BTC $68,428.57 Mezo Wrapped BTC -2.12% Market capitalization $38.78 million VOL. 24 hours $1.55 billion , which rose by 4.66% to reach $ 106,478, increasing its own capitalization to more than $ 2.1 trillion. Ethereum ETH $1,939.81 Bridged Ether (StarkGate) -6.49% Market capitalization $44.22 million VOL. 24 hours $1.65 billion rose by 6.02% to $ 3,618, XRP XRP $1.46 XRP -2.16% Market capitalization $89.23 billion VOL. 24 hours $0.45 billion - by 8.59% to $ 2.48, and Binance Coin BNB $614.31 BNB -2.88% Market capitalization $83.77 billion VOL. 24 hours $84.44 million - by 2.26% to $ 1,010. Solana SOL $85.59 Binance-Peg SOL -2.50% Market capitalization $94.03 million VOL. 24 hours $0.35 billion continued its rally, rising 6.05% to reach $ 167.79.

The growth was driven by news of a compromise between U.S. lawmakers that ended the 40-day government shutdown. The reopening of government agencies reduced the uncertainty that weighed on financial markets and signaled a return to risky assets, including digital currencies.

Investor sentiment was further boosted by President Donald Trump’s initiative to use the proceeds from customs duties to pay Americans a $ 2,000 dividend. Some of the funds are also planned to be used to cover healthcare costs, which is seen as a form of fiscal stimulus.

The rally comes after several weeks of capital outflows from cryptocurrency exchange-traded funds, with investors withdrawing more than $ 2.1 billion from spot bitcoin ETFs and $ 579 million from Ethereum funds. Despite the previous decline below $ 100,000, analysts now believe that the key task for bitcoin is to hold the $ 105,000 support level and attempt to return to the $ 110,000 mark.