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Don't remind me again today

There was no definitive news on November 10th that the U.S. government shutdown had officially ended. The shutdown that began on October 1st had set a record for the longest in history, with both parties failing to reach a consensus on funding bills multiple times. However, on that day, Trump indeed took significant actions. On one hand, he demanded all air traffic controllers return to work immediately and proposed giving a $10,000 bonus to air traffic controllers who had not taken leave; on the other hand, he had previously announced plans to distribute at least $2,000 in dividends to most Americans excluding high-income groups using tariff revenue.



The market reacted very positively to these messages. Cryptocurrency prices collectively rose that day, with Bitcoin increasing by 4.37%, Ethereum surging to a 7.34% gain, and BNB climbing 3.5%, returning to $1,000. However, it’s important to note that neither the subsequent implementation of the funding measures to restore government operations nor Trump's plan to distribute $2,000 dividends has actually been realized. Regarding the dividend, even the Treasury Secretary has not communicated with Trump about it, and Congress still needs to pass legislation. Moreover, Trump’s previous promises to distribute money have not been fulfilled.

As for Bitcoin, to reach the target of $108,000, it must first firmly hold the critical support level of $106,000. Currently, these positive signals are only at the expectation stage. Although the market has shown positive feedback, whether it can continue to rise depends on whether these policies can be truly implemented. It is still too early to say that the trend can stabilize.
BTC-1.94%
ETH-3.16%
BNB-2.51%
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