Bitcoin holds above $106K; Ethereum reclaims $3,600 as US shutdown nears end
Synopsis
Bitcoin held near $106,000 and Ethereum traded around $3,591 as crypto markets steadied amid easing U.S. shutdown concerns. Major altcoins like XRP, Solana, Tron, Dogecoin, and Cardano rose about 3%, while BNB and Hyperliquid slipped nearly 4%. Overall, global crypto market capitalization edged up 0.47% to $3.59 trillion.
Bitcoin held steady around $106,000 on Tuesday, while Ethereum reclaimed $3,593 as optimism grew over the nearing end of the U.S. government shutdown. At the same time, Bitcoin was trading at $106,211, up 0.14% in the past 24 hours.
Ethereum slipped 0.86% to $3,591, while major altcoins such as XRP, Solana, Tron, Dogecoin, and Cardano gained nearly 3%. In contrast, BNB and Hyperliquid fell around 4%. The global crypto market capitalisation rose 0.47% to $3.59 trillion, according to .
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Edul Patel, CEO of Mudrex, says that these levels have formed an attractive accumulation zone, with whales purchasing over 108,000 BTC in the past week, and the open interest in crypto futures rose 5% in 24 hours to $148 billion, showing traders are regaining trust and re-entering the market with leverage.
Crypto TrackerTOP COINS (₹) XRP221 (1.48%)Tether89 (0.02%)Bitcoin9,342,461 (-0.97%)Ethereum315,708 (-1.32%)BNB87,163 (-2.6%)
“With improving political stability and expectations of softer CPI data under 3.1%, markets are preparing for an upward move in the coming weeks,” Patel added.
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Bitcoin and Ethereum have gone down 0.81% and 1.29% respectively in the past week. Among the altcoins have surged over 7% in the past week.
Riya Sehgal, Research Analyst, Delta Exchange said regulatory developments are also fueling market momentum as the U.S. Senate reopened the government, the Agriculture Committee unveiled a bipartisan draft giving the CFTC clearer authority over digital commodities, and new IRS guidance allows crypto ETFs and trusts to earn staking rewards and these factors are boosting investor confidence, supporting inflows, and reinforcing Bitcoin’s rebound from $100K to $107K, as well as Ethereum surpassing $3,600.
“Whale accumulation and technical patterns suggest that the market is stabilizing, and if Bitcoin can clear the $107K–$111K resistance zone, we could see a sustained uptrend across major digital assets,” Sehgal added.
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Here is what other experts say
CoinDCX Research Team
The crypto markets are recovering! Bitcoin price continues to trade above $106,000, displaying strength and consistency. Besides, Ethereum sustains itself above $3,600, XRP above $2.50, and Litecoin above $100, while Solana struggles to reach $170, and Dogecoin consolidates below $0.185. The global market cap rises above $3.6 trillion, with market sentiments also recovering slightly but remaining under fear.
The markets have turned green due to renewed investor interest as the Senate passes a bill to reopen the US government. The US Senate Agriculture Committee releases a bipartisan crypto market structure draft to regulate digital commodities under the CFTC.
