The price of bitcoin rose past $106,000 for the first time in nearly a week after the U.S. Senate voted 60-40 on legislation to end the 40-day government shutdown. The longest federal impasse in American history weighed heavily on digital asset markets, with bitcoin falling below $100,000 multiple times since August.

ETH jumped over 7% to trade above $3,600, while XRP and Solana each posted roughly 6% gains. The funding bill must still pass the House before reaching President Trump for signature.

This story is an excerpt from the Unchained Daily newsletter.

Spot bitcoin ETFs shed more than $2.1 billion over eight trading days during the shutdown, while ethereum funds lost $579 million. Crypto stocks also took losses, with Coinbase dropping 9% and Strategy falling 8% last week. 

Senate Democrats agreed to support procedural funding motions after moderate members brokered a bipartisan deal, sidelining extended health subsidy negotiations that had stalled progress.