• The US Senate votes 60-40 to finish the 41-day shutdown, restoring danger urge for food and returning the crypto cap to $3.59 trillion.
• Ethereum Layer 2 tokens led the rally, with Starknet up over 40% and ZKsync and Linea posting double-digit beneficial properties
• Merchants plan for Ethereum fusaka improve in December 2025, which strengthens the ZK story behind these strikes

The cryptocurrency market returned to risk-on territory on November 10, rising 4.9% in in the future to round $3.59 trillion, after the US Senate handed a bipartisan invoice to reopen the federal government, easing a 41-day liquidity crunch.

The transfer pushed Bitcoin above $106,000 and pushed Ethereum additional increased as a consequence of scalability tokens tied to the community’s function add map. Layer 2 names outperformed large-cap shares, telling merchants that this rally was being pushed by Ethereum infrastructure trades moderately than meme flows.

Shutdown buying and selling brings liquidity again to cryptocurrencies

Senators voted 60-40 to maneuver a funding bundle that might reopen shuttered authorities businesses by January 30, 2026, rehire furloughed employees and restore delayed spending. Danger belongings tumbled by early November as markets priced in slower federal spending and delayed SEC motion throughout the federal government shutdown. The procedural victory steered that fiscal shackles may fade inside days, giving cryptocurrencies room to recuperate misplaced capital.

Ethereum Layer 2 tokens take management of the bull market

The strongest response got here from Ethereum’s scaling ecosystem. ZKsync traded round $0.063-$0.064 after a one-day swing of 8-12%, with quantity exceeding $300 million, indicating that Sideline Capital was the primary to choose the rollup theme. Starknet surged greater than 40% to round $0.20, giving it a market worth of almost $940 million, confirming that merchants are chasing beta in the identical cluster. Linea recorded a double-digit improve as a consequence of its gentle liquidity, finishing the L2-led rebound composition.

These are the identical three which might be anticipated to profit when Ethereum’s December Fusaka improve will increase information throughput for ZK rollups.

This replace, supported by co-founder Vitalik Buterin, focuses on enhancing zero-knowledge (ZK) expertise and refining the ZK-SNARK implementation, adjustments which might be anticipated to influence the broader rollup ecosystem.

Market construction returns to identify purchases

ZKsync’s token rose 12% prior to now 24 hours, reaching $0.0636, giving it a market cap of $542.29 million. Quantity rose 81% to $307 million, displaying robust participation after per week of restricted worth motion.

The circulating provide of the venture is 8.52 billion cash, accounting for 40% of the whole issuance, and the buying and selling quantity to market capitalization ratio is 56.56%, indicating a rise in short-term hypothesis and growth of spot demand.

Starknet and Linea observe an upward development

Starknet’s STRK token led the rise, rising 51.03% to commerce at $0.2109, elevating its market cap to $961.93 million. Buying and selling quantity elevated by 26.01% to $425.31 million. STRK’s quantity to market capitalization ratio of 43.79% signifies lively investor participation.

In the meantime, Linea’s LINEA token rose 11.34% to $0.01334, supported by a 21.12% improve in buying and selling quantity to $94.64 million. The market capitalization of the asset reached $206.62 million.

Outlook associated to last Senate passage and Ethereum roadmap

Merchants will probably be watching to see if the Senate can finalize the reopening invoice with out new well being care riders that would delay reopening. It’s because any additional delays will trigger liquidity help to be withdrawn from the market. On the crypto facet, the subsequent catalyst is fully Ethereum-specific, so L2 leaders who simply posted double-digit beneficial properties ought to look out for affirmation from developer channels that Fusaka will ship on a December timeline.

Till then, the market has a transparent studying. Washington is near restarting fundraising, and ZKsync, Starknet, and Linea have been among the many earliest to react concerning cryptocurrencies.