{"id":410799,"date":"2025-11-11T01:53:43","date_gmt":"2025-11-10T20:23:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-hovers-around-105000-as-government-shutdown-progress-lifts-markets-crypto-news\/"},"modified":"2025-11-11T03:03:56","modified_gmt":"2025-11-10T21:33:56","slug":"bitcoin-hovers-around-105000-as-government-shutdown-progress-lifts-markets-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-hovers-around-105000-as-government-shutdown-progress-lifts-markets-crypto-news\/","title":{"rendered":"Bitcoin Hovers Around $105,000 as Government Shutdown Progress Lifts Markets &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The gains also came after Trump proposed a $2,000 payout to Americans.<\/p>\n<div>\n<p>The cryptocurrency market edged up slightly on Monday following President Donald Trump\u2019s $2,000 payout proposal and signs of progress toward ending the U.S. government shutdown, which is now the longest in history.<\/p>\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/bitcoin\" target=\"__blank\" rel=\"noopener noreferrer \">BTC<\/a>) inched up 1.7% over the past 24 hours to $105,351, while Ethereum (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/ethereum\" target=\"__blank\" rel=\"noopener noreferrer \">ETH<\/a>) rose 0.3% to $3,526. Among altcoins, XRP surged 9.8% to $2.54, while Solana (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/solana\" target=\"__blank\" rel=\"noopener noreferrer \">SOL<\/a>) added 2.8% to $166.67.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/binancecoin\" target=\"__blank\" rel=\"noopener noreferrer \">BNB<\/a> bucked the trend, dropping 1.2% on the day to $982.36. <\/p>\n<figure><figcaption class=\"text-center text-xs\">BTC Market Cap Chart<\/figcaption><\/figure>\n<p>The day\u2019s top gainers included World Liberty Financial (WLFI), which jumped 26%. A second Trump-affiliated coin, Official Trump (TRUMP), climbed 14.2%, while Provenance Blockchain (HASH) rose 11%.<\/p>\n<p>Canton Network (CC) led the losses, dropping 12.3% to $0.1142, followed by Internet Computer (ICP), down 10.1% to $6.78, and Zcash (ZEC), which slipped 9.7% to $585.65 on $2.87 billion in volume.<\/p>\n<p>The global cryptocurrency market capitalization is up 1.7% over the past 24 hours to $3.64 trillion, with Bitcoin dominance at 57.7% and Ethereum dominance at 11.7%.<\/p>\n<h2>Liquidations and Market Flows<\/h2>\n<p>Around $356 million in crypto positions were liquidated over the past 24 hours, according to Coinglass. Long positions accounted for about $157 million, while shorts made up $199 million.<\/p>\n<p>Bitcoin led the liquidations with nearly $115 million, Ethereum followed with $84 million, and altcoins contributed over $23.8 million.<\/p>\n<p>Spot Bitcoin ETFs recorded $558.44 million in outflows on Friday, while Ethereum ETFs experienced $46 million in outflows, according to SoSoValue. SOL ETFs, on the other hand, recorded $12.69 million in inflows. <\/p>\n<h2>CoinShares Report <\/h2>\n<p>Digital asset investment products recorded a second consecutive week of outflows, totaling $1.17 billion, CoinShares said in its latest report. This came amid lingering volatility from last week\u2019s liquidity cascade and uncertainty over a U.S. interest rate cut.<\/p>\n<p>Bitcoin and Ethereum were the hardest hit, recording $932 million and $438 million in outflows, respectively.<\/p>\n<p>Meanwhile, altcoins showed resilience, led by Solana, which attracted $118 million in inflows last week and $2.1 billion over the past nine weeks.<\/p>\n<h2>Trump\u2019s \u2018Tariff Dividend\u2019 <\/h2>\n<p>Investor sentiment was also boosted by President Donald Trump\u2019s promise to give $2,000 to every American \u2013 excluding \u201cwealthy\u201d individuals \u2013 using money from U.S. tariffs. Experts saw it as a boost for people\u2019s spending power, similar to the stimulus checks during the pandemic, which helped to lift confidence.<\/p>\n<p>Meanwhile, on Sunday, the Senate took a major step toward ending the government shutdown, voting to advance a funding deal that would reopen agencies and restore pay for federal workers. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The gains also came after Trump proposed a $2,000 payout to Americans. The cryptocurrency market edged up slightly on Monday following President Donald Trump\u2019s $2,000 payout proposal and signs of progress toward ending the U.S. government shutdown, which is now the longest in history. Bitcoin (BTC) inched up 1.7% over the past 24 hours to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":410801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-410799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/410799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=410799"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/410799\/revisions"}],"predecessor-version":[{"id":410803,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/410799\/revisions\/410803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/410801"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=410799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=410799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=410799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}