1. Bitcoin rose 4% to $106,082 amid U.S. government shutdown hopes. 2. Senate's 60-40 vote to end funding impasse boosts risk asset sentiment. 3. Cryptocurrency gains indicate broader market rally potential for tech stocks. 4. Political stability may support risk assets like Bitcoin and SPY. 5. Tech stocks, including SPY, expected to rally alongside crypto recovery.
The ending of the government shutdown may improve investor confidence, leading to increased buying of risk assets such as SPY. Historically, government stability has correlated with market uptrends, e.g., post-2020 election results leading to SPY recovery.
The current market mood reflects a strong correlation between cryptocurrency recovery and risk assets like SPY, making the article's content highly relevant.
The expected end to the shutdown could spur a quick rally in SPY as investor optimism returns, similar to the rebound seen in 2019 during positive budget negotiations.