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Bitcoin crosses $104,000 as optimism over U.S. reopening fuels crypto rally
Bitcoin breached $104,000, rising 1.
Bitcoin prices advanced 1.66% to trade above $104,000 on November 11, supported by improving global sentiment after U.S. government shutdown concerns eased. Ethereum also rose 3.87% to surpass $3,500, while trading volumes increased across major exchanges. The rebound reflected risk-on appetite as investors rotated back into crypto following renewed liquidity inflows.
Analysts note that ETF speculation and regulatory progress in the U.S. continued to stabilize sentiment. Despite short-term volatility, on-chain data suggests growing institutional positioning in Bitcoin and Ethereum, signaling sustained accumulation at current levels.