Bitcoin update – Trump’s $1.3B bet, proposed stimulus fuel rebound

Key Takeaways

Why is Bitcoin rising again?

Optimism has returned after the U.S. Senate’s deal to end the 40-day shutdown. Trump Media’s $1.3B Bitcoin move has helped too.

What could trigger the next major rally?

A proposed $2,000 “tariff dividend” stimulus could push liquidity into crypto markets.

After weeks of uncertainty, optimism has returned to crypto markets.

The U.S. Senate has reportedly reached a deal to end the record 40-day government shutdown. Meanwhile, Trump Media’s $1.3 billion Bitcoin [BTC] bet and plans to invest up to $1 billion in Cronos [CRO] have added to the narrative.

Bitcoin is on the rise again, but can this momentum hold?

Government shutdown to end?

Reports from Politico show that the U.S. Senate has reached an agreement on a three-part budget deal to end the record 40-day government shutdown. This will bring much-needed relief to crypto markets.

The bill reportedly has enough support to clear the 60-vote threshold, so the political deadlock may finally be easing. Market sentiment has been under pressure during the prolonged shutdown and uncertainty around U.S. fiscal policy.

Bitcoin, which briefly surged to $126,000 earlier in October, has since retreated to around $106,000. If the shutdown officially ends, traders are hopeful that it could increase confidence across digital assets.

Adding to the optimism, President Trump is reportedly weighing a “tariff dividend” plan that would distribute $2,000 per person. This is roughly a $600 billion injection into the economy.

Unlike the 2020 stimulus, the current infrastructure could channel liquidity into digital assets much faster. This could be a larger rally if the proposal advances.