Big Moves in Crypto as U.S. Government Nears Reopening – Bitcoin Tops $106K Again

The crypto market is heating up again, thanks to positive news that the U.S. government may soon reopen. This optimism sent major cryptocurrencies soaring. Bitcoin (BTC) jumped 4%, crossing back over the $106,000 mark. Ethereum (ETH) followed with a 4% gain, trading at around $3,590. Binance Coin (BNB) saw a smaller 1% rise to $996, while Solana (SOL) had a strong 5% bump to $168.

Smaller altcoins also had a big day. Starknet (STRK) exploded with a massive 40% surge. Wolfi (WLFI) shot up 27%, Pump (PUMP) gained 17%, and Near Protocol (NEAR) added 18%. Zcash (ZEC) made headlines after briefly spiking to $750 before settling back to $630 — still an impressive 57% gain for the week.

In regulatory news, the UK government proposed a new rule to limit stablecoin holdings to £20,000 per person. This could affect how people invest in digital assets like USDT or USDC in the UK.

On the business side, hardware wallet maker Ledger is weighing its next move. The company may either go public with an IPO in New York or raise funds privately sometime within the next year.

Meanwhile, over in traditional markets, investor Michael Burry—famous for predicting the 2008 financial crisis—has placed a bold $1.1 billion bet against top AI stocks like Nvidia (NVDA) and Palantir (PLTR). This move has sparked concern among investors and reignited talk that the artificial intelligence stock boom may be nearing its peak.

Overall, crypto prices are rising fast, investor sentiment is improving, and big players are making bold moves in both crypto and traditional markets.