Bitcoin Surges to $105,000 After US Funding Deal Advances in Congress
Summary
Quick market snapshot
Bitcoin spiked to $105,000 after Democrats and Republicans in the Senate struck a deal to fund the government, removing near-term political uncertainty that had weighed on risk assets. CNBC Crypto World attributed the rally directly to the bipartisan progress in Congress, which eased market fears of shutdown-related volatility and strengthened appetite for digital assets.
Why the funding deal matters for crypto
A functioning government reduces macro risk and supports liquidity across financial markets. When lawmakers move to avoid a shutdown, investors often rotate back into risk-on assets — and crypto benefits more sharply than many expect. Lower political risk can translate into higher leverage and institutional participation, which helps explain rapid price moves in Bitcoin and correlated gains across the broader crypto market.
Policy spotlight: crypto in mortgage applications
CNBC Crypto World also covered a notable policy push: the Trump Administration’s interest in allowing crypto holdings or income to be included on mortgage applications. Proponents argue this could expand credit access for on-chain income earners and crypto-native businesses. Critics caution that crypto’s price volatility and custody complexities pose underwriting and compliance challenges for lenders.
Potential impact on adoption and lending
If regulators and mortgage underwriters adapt controls to verify crypto income and reserves, the move could bring more mainstream financial utility to digital assets. For retail users, that may mean easier access to loans or mortgages when earnings are denominated partly in crypto. At the same time, lenders will need robust valuation, liquidity, and anti-fraud processes before scaling exposure — a development that could accelerate new DeFi-wrapped solutions and institutional custody demand.
Market implications and investor takeaways
Short-term, the funding news likely amplified speculative flows into Bitcoin and related sectors such as memecoins and tokenized assets. Medium-term, policy shifts that normalize crypto in traditional finance — including mortgage underwriting — would be a bullish structural tailwind for adoption and liquidity.
- Volatility reminder: rapid price appreciation often brings pullbacks; risk management remains essential.
- Watchpoints: regulatory guidance, custody approvals, and lender modeling for crypto income.
- Diversification: exposure to on-chain lending, DeFi yield strategies, and liquid blue-chip tokens can help manage idiosyncratic risk.
Conclusion
The Senate funding agreement removed a key short-term overhang and helped push Bitcoin to $105,000, while the proposed mortgage-application policy highlights a broader trend toward integrating crypto into legacy finance. Investors should monitor how lenders and regulators formalize processes — and how platforms like Bitlet.app position services for users navigating a world where crypto increasingly intersects with traditional credit and banking. For ongoing coverage, see related pieces on NFTs and other market themes.