QCP Capital: Bitcoin Rebounds on U.S. Shutdown Optimism
Bitcoin has regained momentum above $106 000 as optimism surrounding the end of the U.S. government shutdown fuels a broader recovery in risk assets, according to a new market report by QCP Capital.
Political Relief Sparks Market Recovery
The U.S. Senate voted to advance a crucial government funding package — a major step toward resolving the 40-day shutdown, the longest in American history. The revised bill now heads to the House of Representatives before reaching President Donald Trump for final approval. While the process could take several more days, markets are already reacting with renewed optimism.
Equity futures in the U.S. and Asia rallied overnight, signaling investor relief as fears of prolonged fiscal paralysis eased. QCP Capital noted that Bitcoin quickly joined the rebound, mirroring the performance of other risk-sensitive assets such as tech equities and commodities.
QCP Capital’s Analysis
In its latest market update, QCP Capital emphasized that Bitcoin’s rise came after several failed attempts to hold the $100 000 support level last week. The firm highlighted that the recovery occurred despite continued selling from early long-term holders and net outflows from spot ETFs during recent sessions — a sign of “resilient structural demand” across the crypto market.
“The relief rally in Bitcoin aligns with macro sentiment. Risk assets are bouncing on expectations that the U.S. government impasse will end shortly,” analysts wrote. “However, sustained upside could be capped until on-chain distribution by early adopters slows down.”
Short-Term Outlook
Bitcoin’s correlation with traditional markets remains high, making it sensitive to macroeconomic developments in Washington. If the funding bill proceeds smoothly through Congress, traders expect renewed inflows into crypto ETFs and potential testing of the $110 000 level before year-end.
Still, QCP Capital cautioned that profit-taking and ETF redemptions may limit momentum in the near term. For now, the return above $106 000 represents a critical psychological recovery — a signal that confidence is slowly returning to the crypto market after weeks of stress.
Editorial Team — CoinBotLab