Bitcoin Jumps as U.S. Senate Nears Key Deal to Avert Government Shutdown

Bitcoin($BTC) prices have rebounded on Monday amid the growing optimism. Triggering this surge, the U.S. Senate negotiators have reached an official bipartisan funding contract.  The respective agreement is reportedly anticipated to avert the government shutdown concerns, reopening the government ahead of Veterans Day. As a result of this, the entire crypto and blockchain market is witnessing rising hopes for a massive revival in the near term.

Bipartisan Senate Agreement to Prevent U.S. Government Shutdown as Bitcoin Sees 4.2% Rise

The latest reports point out that the U.S. Senate has ultimately reached a formal bipartisan funding agreement to avoid government shutdown, triggering a market-wide bounce back in prices. In this respect, Bitcoin ($BTC) has made a noteworthy 4.2% increase. As a result of this, the price of the leading cryptocurrency has touched the $106,269 mark.

In addition to this, the leading altcoin, Ethereum ($ETH), has also recorded a considerable surge of up to 7.4%. Hence, its price is now hovering around the $3,643 spot, showing a notable recovery from the losses seen over the past week.

Simultaneously, this rebound also highlights the renewed appetite among investors for risk after several weeks of paralysis in the market. Along with that, the deal is also reversing federal layoffs while guaranteeing a December vote regarding the extension of Affordable Care Act tax credits.

Market Sentiment Enters Optimism Amid Significant Cash Flows

Keeping this in view, the bipartisan Senate funding agreement has become a stimulus for a positive sentiment in the market. Bitcoin ($BTC), Ethereum ($ETH), and other key assets are making noteworthy progress with substantial cash flows.

Additionally, the U.S. President Donald Trump has expressed optimism about approaching the aversion of the government shutdown. Overall, this highlights the potential for another substantial market rise and the subsequent return of stability.