Crypto shares gained on Monday. BitMine, IREN up over 7%; TeraWulf up 6%; Circle, Riot Platforms, CleanSpark, Bitfarms up 5%; BTCS, Coinbase, Bit Digital, Bullish up around 4%.
Bitcoin jumped past $106,000 for the first time in nearly a week amid multiple reports that the U.S. Senate had reached an agreement to end the 40-day government shutdown, the longest in U.S. history.
Other major digital assets also moved strongly into positive territory with Ethereum, the second-largest cryptocurrency by market capitalization recently trading above $3,600, a more than 7% gain and XRP and Solana, the fourth- and sixth-largest coins, both climbing about 6%.
The government impasse seemed to weigh increasingly as it extended more than a month, with Bitcoin tumbling below $100,000 on several occasions for the first time since early August. BTC remains more than 15% off its record high above $126,000, set in early October. Ethereum has lost even more ground over the same period as investors veered away from risk-on assets.