US Senate Funding Extension Lifts Bitcoin Above $105,000 and Ethereum Past $3,600
Signs of legislative progress in Washington eased investor concerns, driving a broad-based rally across leading cryptocurrencies and multiple blockchain sectors.
BTC
ETH
Summary
Progress in the US Senate on a government funding bill helped reduce market uncertainty, triggering gains in crypto prices on Nov. 9. Bitcoin rose 3.78% to above $105,000, while Ethereum climbed 7.03% past $3,600. The positive sentiment fueled advances across DeFi, RWA, PayFi, Meme, Layer 1, CeFi, and Layer 2 sectors, highlighting strong investor response to easing policy risks.
Terms & Concepts
- DeFi (decentralized finance): Blockchain-based financial services that operate without traditional intermediaries, allowing peer-to-peer transactions through smart contracts.
- Layer 1: Base blockchain networks, such as Ethereum or Bitcoin, that provide the foundational protocol for decentralized applications and transactions.
- CeFi (centralized finance): Crypto financial services operated by centralized entities, integrating traditional financial management models with blockchain-based assets.