{"id":120733,"date":"2025-11-10T11:32:19","date_gmt":"2025-11-10T07:32:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120733"},"modified":"2025-11-10T11:32:22","modified_gmt":"2025-11-10T07:32:22","slug":"bitcoin-climbs-as-shutdown-end-hopes-lift-risk-appetite-xrp-outperforms-on-funding-buzz","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-climbs-as-shutdown-end-hopes-lift-risk-appetite-xrp-outperforms-on-funding-buzz\/11\/10\/market-updates\/","title":{"rendered":"Bitcoin climbs as shutdown-end hopes lift risk appetite; XRP outperforms on funding buzz"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p>Bitcoin advanced Monday, extending a weekend rebound as signs of progress toward ending the U.S. government shutdown nudged investors back into risk. The largest cryptocurrency rose <strong>4.3% to $106,330<\/strong> by 00:06 ET (05:06 GMT), clawing back a portion of steep losses from October and early November.<\/p>\n\n\n\n<p>The up-move follows last week\u2019s slide into <strong>bear-market<\/strong> territory\u2014more than <strong>20%<\/strong> below early-October\u2019s record high\u2014and repeated failures to reclaim <strong>$110,000<\/strong> since mid-month. Still, a tentative improvement in risk sentiment, helped by reports of a late-October <strong>U.S.\u2013China trade deal<\/strong> and Capitol Hill momentum, supported bids.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macro driver: shutdown relief in sight<\/h2>\n\n\n\n<p>Risk appetite firmed after the <strong>U.S. Senate<\/strong> voted 60\u201340 to advance a funding bill that would extend government operations through <strong>January 30, 2026<\/strong>, with a full vote expected in coming days. A resolution would end the longest shutdown on record, restore the flow of official economic data, and pare growth worries tied to weeks of disrupted activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP steals the altcoin spotlight<\/h2>\n\n\n\n<p><strong>XRP<\/strong> jumped <strong>~8% to $2.4570<\/strong> amid optimism that <strong>Ripple Labs<\/strong> is raising <strong>$500 million<\/strong> at a <strong>$40 billion<\/strong> valuation\u2014stoking bets on balance-sheet strength and potential token buybacks. Ripple also pushed back on IPO speculation, adding clarity to near-term corporate plans.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market breadth: green across majors<\/h2>\n\n\n\n<p>Broader crypto tracked Bitcoin higher: <strong>Ether +5.7% to $3,600.99<\/strong>, <strong>BNB +1.6% to $1,004.70<\/strong>, while <strong>Cardano<\/strong> and <strong>Solana<\/strong> gained nearly <strong>6%<\/strong>. Among memes, <strong>Dogecoin +4%<\/strong> and <strong>$TRUMP +~10%<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook<\/h2>\n\n\n\n<p>The bounce remains <strong>tactical<\/strong> until prices clear overhead resistance near <strong>$110,000<\/strong> and macro visibility improves. A formal end to the shutdown\u2014and the return of timely U.S. data\u2014could stabilize rates expectations and reduce cross-asset volatility. Absent that, rallies are likely to meet supply into well-worn resistance, keeping the near-term tone selective and headline-driven.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin advanced Monday, extending a weekend rebound as signs of progress toward ending the U.S. government shutdown nudged investors back into risk. The largest cryptocurrency rose 4.3% to $106,330 by 00:06 ET (05:06 GMT), clawing back a portion of steep losses from October and early November. The up-move follows last week\u2019s slide into bear-market territory\u2014more &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-120733","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120733"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120733\/revisions"}],"predecessor-version":[{"id":120734,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120733\/revisions\/120734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}