On November 10, Bitcoin reclaimed $106,000 in an optimistic crypto market. The market is up by over 4.4% today, with a market cap of over $3,58 trillion.
Bitcoin’s bullish moves came as the US President, Donald Trump, announced on November 9 a stimulus for the American people with low income, and the US senators have taken the first step toward reopening the US government after its longest shutdown.
Bitcoin Surges Above $106,000
At the moment of writing this article, BTC is trading above $106,000, up by over 4.4% in the past 24 hours.
BTC debuted a price rally on November 9, surging from $101,000 levels, amidst growing optimism. The digital asset’s price rally was fueled by multiple factors.
Trump’s Stimulus Announcement
Yesterday, Donald Trump announced via his Truth Social platform a dividend of at least $2,000 per American, not including high-income people, while also calling people who were against the tariffs “fools.”
He also said that currently, the US is the richest and most respected country in the world, with almost no inflation, and a record stock market price, while 401ks are at their highest ever. Trump highlighted that investments in the US are growing, while plants and factories are going up.
He said that the US is taking in trillions of dollars and will soon begin paying down its enormous $36 trillion debt.
The US National Debt Clock’s real-time data shows that on November 10, the national debt is over $38 trillion. Meanwhile, the CPI for September 2025 YoY sits at 3%, still above the Fed’s 2% rate.
In a post on X, The Kobeissi Letter noted that the US Government is about to hand out over $400 billion in stimulus for the first time since 2021, and this is translated into fuel for the markets. More money coming to people means potential new investments, including in BTC.
On March 11, 2021, the former US President, Joe Biden, signed into law the American Rescue Plan Act, which provided economic stimulus payments to individual taxpayers to speed up the country’s recovery after the economic and health effects of the COVID-19 pandemic and recession.
Back then, the first payments to Americans began in March, and more batches followed in April and May.
In 2021, BTC’s price fluctuated between $31,000 levels in January and a top of over $67,000 in November. BTC surged by over 100% that year.
US Government to Reopen Soon
On November 9, the U.S. senators took the first step toward reopening the government after the longest shutdown in history that began on October 1st. A bipartisan group of Senate Democrats and Republicans reached a deal to reopen the government, voting on the first procedural step on the measure.
This agreement would fund the government through January 30, 2026, and include a full-year funding for a trio of appropriations bills, including full funding for the Supplemental Nutrition Assistance Program (SNAP) through September 30, 2026, or the end of the fiscal year.
The previous full government shutdown took place between December 22, 2018, and January 25, 2019.
Regarding BTC’s price at that time, in 2019, BTC surged from $3,700 levels in January to over $12,000 in July, the same year.
Based on historical data, the markets expect to see BTC rally again after the US Government opens.
More Bullish Triggers for a BTC Surge
Other bullish factors that could fuel BTC’s renewed rally include the upcoming QT end at the beginning of December, previously announced by the Fed. Also, the changes of a new rate cut in December are currently near 63%, according to data from CME Group.
The next FOMC meeting is scheduled to take place on December 10.
A renewed institutional interest in BTC could fuel a market rally even further, amid continued global adoption and accumulation from key players in the industry.
