US Govt. Shutdown is Over. What Now? 

Good morning. The US government shutdown is officially over! Your Chart of the Day shows how Bitcoin’s price has reacted historically to these reopenings, and our main news story looks at the specific events that should get triggered as a consequence. Then, your Trade of the Day is one of the street’s hottest tech stocks, and it just broke a symmetrical triangle on high volumes. 

All of that, plus . . . 

• The US’ first-ever spot XRP ETF goes live today. 
• Your DEGEN Play of the Day (SUI) is at the critical $2.00 support / resistance line now. 
• And your Alpha Leaks. 

Chart of the Day

Here’s Bitcoin’s full price history, on the logarithmic scale, marked with the ending of every US government shutdown since the asset’s inception. Bitcoin has lived through four shutdowns, with the longest one ending last night. 

Bitcoin appreciated significantly in the weeks following both the 2013 and 2019 reopenings, but fell sharply after the 2018 reopening. However, given what we know about Bitcoin’s main price drivers (i.e. halving cycles, business cycles, etc.), it’s fairly obvious that none of these price moves owed much to their respective reopenings. 

But does this mean that our current reopening is inconsequential? Not necessarily. See the main news story for the details, but for now, understand that this reopening arrives at a sensitive time for Bitcoin and crypto, and the reopening triggers certain events that should serve as tailwinds for us.

🔥 INSANE CASH BACK REWARDS FROM PHEMEX 🔥

Get a $1,600 Deposit Bonus!
Get a $20,000 Trading Bonus!
(available everywhere)

I’ve been using Phemex for years, and there has literally never been a better time to join

Sign Up Now

Trade of the Day

AMD is your Trade of the Day. So we’re on the 1 hour chart here, and notice the symmetrical triangle consolidation that’s been coiling for just over 30 days. 

But yesterday, price zoomed up and busted through the triangle’s descending resistance line. And importantly, we got a high volume confirmation on this breakout move, with the price dropping to hold the resistance line as support.  

Given this technical structure, along with the government reopening, going market long on AMD now makes sense. Or, if you want to be more conservative, you can wait for AMD’s all time high at $267 to break to the upside. 

We featured this setup to our Discord and Premium subscribers yesterday morning, just before AMD broke out of this triangle.

Want more real-time setups and trade calls? Join our Inner Circle community.

Alpha Leaks

• Chainlink’s [LINK, Crypto] CCIP is integrating with the SWIFT network on November 22nd, to offer on-chain tokenized asset transfers. Apparently, this opens up Chainlink to approximately 11K global banks. 
• Circle [CRCL, Stock] is now priced at $86. So it’s 71% off its all time highs. It’s possible that CRCL has an inverse relationship with Federal Reserve interest rate changes, given Circle’s revenue comes from US treasuries. Therefore, the ideal time to pick up CRCL might be once this Fed funds rate cycle has bottomed. 
• Injective [INJ, Crypto] just launched perhaps their biggest upgrade ever on Tuesday. It’s called the Altria Upgrade, and it introduces “real-time transaction speeds within a truly multi-VM network.”
• Lighter [Ticker TBD, Crypto] is now in first place in 24H perp volumes, according to DefiLlama. So it’s beating both Hyperliquid and Aster. One major reason is because the native token is coming soon, so traders are farming the points. This will be a big airdrop, and you still have time to get some points before the airdrop hits. 
• Mantle [MNT, Crypto] has partnered with Backed and Bybit to begin offering tokenized equities on the platform. 
• Sonic [S] is making a major strategic shift with concerns to its operations. You can read the details here, but the TLDR includes a US expansion, updated fee monetization, and a fundamentals first approach. 
• Strategy [MSTR, Stock] is resting on a major multi-year support level right now (i.e. $220). There’s a trade to be had here if you’re open to either longing or shorting it. 
• Zcash [ZEC, Crypto] is now a treasury asset for Leap Therapeutics (LPTX). The company has already purchased 203K ZEC, and they announced their plan to acquire 5% of the total supply. Leap Therapeutics is also rebranding to Cypherpunk Technologies, and the CEO has stated that this treasury strategy will complement the company’s biotech business. Winklevoss Capital is one of the company’s investors. 

News Roundup

US Govt. Shutdown is Over. What Now? 

The US’ longest government shutdown in history – clocking in at 43 days – is officially over.  President Trump signed a stopgap funding bill late last night which funds the US federal government through January 2026. The stopgap bill cleared the Senate on Monday, and the US House of Representatives squeaked it through on a 222 to 209 vote yesterday evening.  

The government reopening comes at a pivotal movement for crypto-related legislative and regulatory efforts. Now that the SEC is back to full capacity, there’s a litany of crypto ETF applications that should start moving again. And, legislators can now refocus on getting a larger crypto market structure bill (i.e. the CLARITY Act) passed. These are all tailwinds for us.  

Additionally, the US Treasury’s general account (i.e. TGA), which is like the government’s checking account, is back online. And it’s thought that the TGA will now inject around $150 to $200B into the banking system, which ultimately should help support risk asset valuations.  

Bitcoin’s reaction to the reopening thus far has been muted. We’re still trading just above the 50W SMA at $103K, which is a major bull-bear market fault line. But regardless, this particular piece of FUD (i.e. the government shutdown) is behind us, and the second-order effects of the reopening should be stimulative for our assets. 

First-Ever US Spot XRP ETF Launches Today on Nasdaq

The first US spot XRP ETF – ticker XRPC – launches on the Nasdaq today at market open. This launch is following a quick SEC approval, despite the shutdown. The new ETF is managed by Canary Capital, with custodial services by Gemini and BitGo. 

Now interestingly, on-chain metrics show that 21,000 new XRP wallets have been created in the past 48 hours, which is the network’s strongest expansion in about eight months. Clearly, there’s a bit of ETF front-running happening here. Additionally, XRP is up about 8% since yesterday morning, and the coin is currently trading at $2.50 at the time of this writing. 

It will be extremely interesting to see how XRP’s price performs after this launch, and also how the ETF performs compared to the BTC, ETH, and SOL ETFs. 

CME Group Launching New Predictions Market in December 

Competition over the predictions market is full-steam ahead. And that’s because yesterday, the CME Group, which is the world’s leading derivatives marketplace, announced that they’re partnering with FanDuel to launch a new US predictions market application that goes live next month. 

It’s called “FanDuel Predicts”, and the standalone platform will offer prediction markets on sports and crypto, stock, and commodity prices, amongst other topics. CME Chairman Terry Duffy said in a statement that FanDuel is targeting a younger demographic that’s outside of the CME’s current client-base. 

The prediction industry is booming, with Kalshi and Polymarket as the two dominant players. Currently, Kalshi is edging out Polymarket in terms of monthly volumes, but the latter is re-launching in the US right now, so expect this competition to remain tight. And besides the new FanDuel platform, Gemini is working through the US regulatory process now to launch their own predictions platform. 

Degen Play of the Day

SUI is at a critical pivot point right now, so it’s your DEGEN Play of the Day. But we think you should be flexible here. Be open to either longing or shorting it, depending on how things go. 

So we’re on the weekly, looking at the full price history, and you can see how important the $2.00 line is. In fact, this point might be the most important for SUI, as $2.00 has served as the major support / resistance area for as long as the asset has been traded. 

Depending on whether this entire asset class has hit a major bottom and will be turning back up, or if we’re starting a new major bear market, we think there’s a big trade for SUI right now, given where the price is currently positioned. 

Legal Disclaimer

Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

You can find a full disclosure of all my crypto & venture investments here.