Bitcoin, Ethereum, and XRP All Slide. The Next Move for Crypto Depends on This.
November 11, 2025
Bitcoin was sliding on Tuesday, although there was some good news for crypto investors with the U.S. government shutdown seemingly about to come to an end.
The world’s largest token was down 0.8% to $105,107 over the past 24 hours, according to data from CoinDesk. It’s now trading 20% off the record high it hit back in October.
Ethereum fell 1.2%, Solana dropped 1.4%, and XRP was down 0.9% over the past 24 hours, according to data from the Kraken crypto exchange.
It’s surprising that the cryptos were falling, considering the U.S. Senate just moved one step closer to ending the longest shutdown in history. If the House votes to resolve the funding impasse later this week, then that could encourage the market to pivot away from safer investments and into risk-on assets like cryptos.
“Once the shutdown has been resolved, markets will refocus on liquidity,” Greg Magadini, Director of Derivatives at Amberdata, said. “Loose liquidity continues to support Bitcoin as an alternative to fiat and gold as a debasement hedge.”
The end of the shutdown could also bring more volatility for cryptos, though. Most economic data releases have been suspended for the past 41 days, meaning there’ll likely be a flurry of figures once the impasse ends.
That could lead to choppy trading, as investors try to figure out what the Federal Reserve’s next move is. When interest rates are lower, that tends to boost cryptos, by making them more appealing relative to interest-bearing assets like bonds and savings accounts.
Write to George Glover at george.glover@dowjones.com
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