Major cryptocurrencies including XRP, Bitcoin, and Ethereum posted sharp gains on Thursday, fueled by renewed investor optimism following President Trump’s signing of legislation to terminate the longest U.S. government shutdown in history.
The breakthrough came after the House of Representatives approved a bipartisan compromise by a narrow 222-209 margin, brokered between Republicans and moderate Senate Democrats. The 43-day impasse, which had triggered mass federal furloughs and disrupted critical services, ended when Trump enacted the funding measure early Thursday.
“This sends a clear message: we will never surrender to extortion,” Trump stated during a brief White House address. “It’s the end of uncertainty.” The deal restores full government operations, reinstates pay for federal employees, and resumes vital nutrition assistance programs affecting tens of millions of citizens.
XRP Leads Altcoin Recovery
XRP climbed past $2.40 in morning trading, marking a modest recovery from recent lows. On-chain metrics underscore growing network vitality, with active addresses on the XRP Ledger jumping 40% to approximately 32,000 from 19,000 recorded on Sunday. Analysts view the surge in user engagement as evidence of strengthening demand and potential for sustained price momentum.
Broader adoption trends on the ledger continue to bolster confidence in XRP’s long-term ecosystem growth.
Bitcoin Rebounds Above $104,000
Bitcoin, the flagship cryptocurrency, staged a dramatic turnaround after dipping below $101,000 late Wednesday. By Thursday afternoon, BTC had reclaimed territory above $104,000, reflecting a classic risk-on shift among traders.
The rebound aligns closely with the shutdown resolution, which removes a key overhang of fiscal uncertainty that had weighed on markets.
Ethereum Gains Momentum Amid Whale Activity
Ethereum traded firmly above $3,500, supported by aggressive accumulation from a prominent large holder. On-chain intelligence from Arkham reveals the whale has acquired more than $1.38 billion worth of ETH over the past 10 days. The investor recently borrowed an additional $270 million via decentralized protocol Aave, following a $105 million infusion, signaling intent to expand positions further.
Current holdings include 157,320 ETH in direct ownership—valued at roughly $564 million—and 228,390 ETH in collateralized loans worth $819 million.
Caution Persists in Derivatives and Sentiment
Despite the upside, derivatives markets remain subdued, with traders urging prudence until a clear uptrend solidifies. Social sentiment analysis from Santiment highlights lingering fear across the sector. Bitcoin commentary splits evenly between optimistic and pessimistic views, while Ethereum leans slightly bullish with over 50% positive mentions.
XRP faces the most pronounced skepticism, with fewer than half of social discussions expressing bullish outlooks—marking one of its most anxious periods this year.
Market observers attribute the cautious tone to macroeconomic crosscurrents, including capital rotation toward assets with direct ties to policy and credit dynamics as the shutdown concludes.
An “unexpected November rally” remains possible if fear capitulates, potentially shifting holdings from short-term speculators to committed long-term investors.
The resolution of political gridlock has injected fresh momentum into risk assets, though sustained gains will depend on confirming volume and sentiment stabilization in the days ahead.
