TL;DR
- Bitcoin surged above $106,000 in the past 24 hours amid rising optimism over the full reopening of the U.S. government.
- Liquidity is building around the $110,000–$112,000 zone, where a breakout could speed up bullish momentum.
- Altcoins delivered strong gains between 6% and 12%, signaling a clear return of risk appetite across the crypto market.
Bitcoin extended its climb on Monday, trading near $106,144 after a +4.38% daily increase. Growing confidence that the U.S. government will complete its reopening this week has boosted demand for risk assets, with crypto reacting quickly. Traders are now assessing whether this momentum can send Bitcoin toward fresh price targets before the end of the month, supported by increasing liquidity and renewed institutional interest.
The agreement in Washington to restore full federal operations has been welcomed as a tailwind for digital assets. The end of the shutdown would unlock billions of dollars in delayed Treasury flows and restore the release of key economic data used by institutional investors. Forecast platforms sharply increased the odds of a full reopening before mid-November. Historically, Bitcoin has posted outsized returns once uncertainty declines, making current conditions appealing for buyers.
Altcoins Extend Gains Across Major Sectors
The broader crypto market saw a coordinated rally. Over the past 24 hours, Ethereum (ETH) jumped +6.50% to $3,613, XRP soared +12.32% to $2.54, and Solana (SOL) gained +7.16% to $168.99. Cardano (ADA) climbed +8.56% to $0.5997 and Chainlink (LINK) advanced +9.16% to $16.52. Dogecoin (DOGE), TRON (TRX), BNB, and Hyperliquid (HYPE) also posted solid increases. Analysts note that this broad-based strength typically emerges when liquidity returns and interest in higher-beta assets grows.
Key Levels And Market Outlook
Technical traders are watching $107,000 as the next near-term barrier, with strong interest concentrated around $110,000–$112,000. A decisive move above that range could attract sideline capital and accelerate buying. Bitcoin remains above long-term moving averages, reflecting steady demand and a constructive trend.
U.S. equity futures also pointed higher, adding a supportive backdrop. With reduced political friction, improving liquidity conditions, and strong technical signals, digital assets appear well-positioned to extend their advance. A growing number of traders now expect Bitcoin to test $110,000 in the short term, with altcoins set to amplify the next stage of upside momentum.
