"The key to the crypto recovery is the end of the U.S. government shutdown + relaxed regulations, which has directly driven the cryptocurrency market to strengthen across the board.\n\nOn November 9th local time, the U.S. Senate reached a consensus on the federal government funding bill (short-term funding until January 2026 + full-year funding plan), which will officially end the shutdown after being passed by the House of Representatives and signed by the President. This news alleviated macroeconomic uncertainty and improved market liquidity, combined with the Federal Reserve relaxing regulations on bank crypto operations in 2025 (revoking related guidelines and canceling the "new activity supervision program"), creating a double benefit that quickly warmed the crypto market. On November 10th in the Asia-Pacific early trading session, Bitcoin rose 4.2% to $106,000, Ethereum surged over 7% to break $3,600, and both Ripple and Solana rose about 6%."