Bitcoin Price Jumps Above $106K as US Government Shutdown Bill Advances

The Bitcoin price moved back above $106,000 while the US government shutdown bill advanced in Washington.

According to CoinGecko, Bitcoin (BTC) dropped to around $99,300 on Friday before recovering over the weekend.

By Monday, the Bitcoin price had gained around 6.7%, trading near $106,000 at the time of writing. CoinGecko data also showed BTC changing hands close to $105,314 during the day.

This Bitcoin price recovery came during a period of political uncertainty. Market participants watched both the US government shutdown process and the move in BTC at the same time, as both stories developed in parallel.

Senate Passes Funding Bill as US Government Shutdown Reaches Record Length

The US government shutdown reached record length while the Bitcoin price was recovering. On Monday, the US Senate passed a funding bill after roughly 10 hours of work and negotiations.

Republicans secured the required 60 votes, with eight Democrats supporting the measure. The bill would fund most US government operations through the end of January next year, if it becomes law.

US Senate vote to end government shutdown 60 40: Source: CSPAN on X

“After passage, the CR goes to the House for a vote before we reopen. Hopefully, we’re open by Wednesday,”

Republican Senator Markwayne Mullin wrote on X. The funding bill now moves from the Senate to the House of Representatives.

If the House approves it, the bill will go to US President Donald Trump for final sign-off, which would end the US government shutdown.

Shutdown Leaves Federal Workers Unpaid and Crypto Regulators With Minimal Staff

The US government shutdown has affected several parts of the economy. According to CNN, more than 1 million federal employees have gone unpaid during this extended budget standoff.

Key agencies that interact with the crypto sector have also faced constraints. The Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have been operating with minimal staff, which can slow routine supervision, reviews, and other regulatory processes.

Other sectors have experienced direct disruption as well. Unpaid air traffic controllers contributed to a significant labor shortfall.

As a result, airports across the United States have canceled, delayed, or scaled down daily flights, adding another layer of pressure during the US government shutdown.

Bitcoin Social Media Activity Climbs, With $BTC Tag Leading Trends

At the same time as the Bitcoin price recovery, Bitcoin social media activity picked up.

Blockchain analytics firm Santiment reported on Monday that the “$BTC” tag had become the top-trending cryptocurrency on major platforms over recent days.

Santiment linked this rise in Bitcoin social media chatter to BTC’s move above $106,000 and to the progress toward ending the US government shutdown.

The post described an increase in interest and discussion around the Bitcoin price as it bounced from sub-$100,000 levels.

In the same update, Santiment noted that some analysts expect higher levels for BTC, mentioning projections up to $150,000 by year-end.

The post framed these views as part of an ongoing narrative that presents Bitcoin as a store of value and a symbol of digital trust, while the Bitcoin price continues to react to macro and policy developments.

Square Bitcoin Merchants and Other Trending Cryptocurrencies Join the Spotlight

Santiment also highlighted adoption data linked to Square Bitcoin merchants.

The post pointed to earlier news that Jack Dorsey’s Square has enabled over 4 million merchants to accept Bitcoin payments.

According to the update, these Square Bitcoin merchants can process BTC payments with zero fees through Square’s tools.

This payments data sits next to the Bitcoin price recovery and the rise in Bitcoin social media activity, giving another angle on how Bitcoin appears in both markets and commerce.

The combination of Square Bitcoin merchants, price levels above $106,000, and attention around the US government shutdown keeps BTC at the center of several parallel discussions.

Alongside Bitcoin, several trending cryptocurrencies have drawn attention. Santiment listed Starknet (STRK), Uniswap (UNI), Monero (XMR) and XRP (XRP) among the next four top trending cryptocurrencies.

Each asset has been in focus for reasons such as technology updates, token price moves, or partnership and regulatory news, adding more names to the list of coins watched by traders while the Bitcoin price and the US government shutdown remain in the headlines.