Bitcoin's 5% rally to $117,000 drives broader market gains, including Ethereum, XRP, and Solana, while the US government shutdown sparks a flight to digital assets.
Bitcoin's recovery to $117,000 has sparked positive momentum in the cryptocurrency market, with Ethereum, XRP, Solana, and Binance Coin recording average gains of 3%. The surge coincides with a US government shutdown, prompting investors to seek alternatives to the US dollar. Analysts are divided, with some predicting a correction, while others expect a long-term rally extending into 2026. Bitcoin's current price of $117,130 positions it just below its all-time high of $124,100, reinforcing bullish sentiment across the market.