"Flight in the Crypto Market: Why are Bitcoin and Altcoins Rising?"

Recently, there has been a notable rise in the markets. Bitcoin (BTC) and Ethereum (ETH), along with many altcoins, are drawing renewed interest from investors, supported by the U.S. Senate's approval of a bill aimed at reopening the government.

News of the end of the government shutdown has led to a resurgence in risk appetite in the markets. Bitcoin gained 4.4% in the last 24 hours, surpassing the $106,000 level, while Ethereum crossed the $3,600 mark with a 7.8% increase. Similar rises were observed in other cryptocurrencies; XRP, BNB, and Solana saw gains between 5-8%.

This rally is attributed not only to the reduction in political uncertainty but also to U.S. President Donald Trump's new "tariff dividend" plan. Trump suggested via Truth Social that revenue from import tariffs should be used to pay at least $2,000 to every American. Markets interpreted this as a move that could boost consumer spending and overall risk appetite.

Peter Chung, research director at Presto Research, stated that the prolonged government shutdown had reduced short-term liquidity in the market, but the new developments have alleviated that pressure. Chung said, "Combined with looser monetary policies and pre-election fiscal stimulus, a favorable environment for risky assets has emerged."

Vincent Liu, investment director at Kronos Research, commented, "The reduction in macro uncertainty and Trump's economic measures are supporting a recovery in crypto assets. With ETF inflows and increasing liquidity signals, the market is returning to risk-taking." The resumption of economic data flow has also been another significant development expected in the markets.

Jeff Mei, COO of BTSE, emphasized that the government reopening is important both morally and in terms of economic data flow. Analysts anticipate that the Senate agreement's approval process, details of Trump's tariff plan, and inflation data will determine the market's direction. If these moves meet expectations and ETF inflows continue, the current rally may not be limited to Bitcoin and Ethereum; a broad-based rise in the altcoin market could also be seen.