The U.S. Senate passed an agreement that could end the government shutdown, marking the end of the most extended closure. Bitcoin rallied, and major altcoins followed suit. What’s next for the crypto market?
Bitcoin rallied 4.6% over the past 24 hours, reaching an intraday high of $106,670 before dropping to the high $105,000s. Ethereum ($ETH), Solana ($SOL), and XRP also rallied on the news of the U.S. government reopening, gaining healthy returns of 5.6%, 5.58%, and 12%, respectively, hinting at a bullish recovery in the final weeks of the year.
$HBAR Leads Altcoin Recovery With 15% Spike In 24 Hours
As the majors turned green, smaller altcoins saw bigger gains, with Hedera Hashgraph leading the way with a mammoth 15% gain in the past 24 hours to trade at $0.1967, as of the time of writing. The blockchain was recently selected as the infrastructure of choice for tokenizing real-world assets (RWAs) by the Nairobi Stock Exchange (NSE), receiving a stamp of approval from the Kenyan government.
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The AI model that the blockchain leverages aims to deliver speed, security, and fairness across blockchain transactions, creating a nexus of two futuristic technologies to revolutionize RWAs. While the fundamentals and regulatory factors favour a continued steep growth for the coin, traders and investors are more bullish on HBAR due to its vesting schedule.
$HBAR targets the $0.22 resistance with $0.40 firmly in sight (Binance)
The schedule indicates that the linear rise in circulating supply of the token will flatten at the end of 2025, after which most of the tokens held by the team and early investors will be fully vested. This will reduce the supply growth of $HBAR tokens, with additional tokens being released from the Treasury, reducing inflation and squeezing supply.
The token is currently at the halfway point to highs reached in 2025, with analysts predicting a continued steady rise as the year closes. Having bounced off the support levels at the MA 100 levels at $0.1588, $HBAR shows signals of testing its resistance at $0.22, where, if a clean break happens, the journey back to 2025 highs at $0.40 could be a matter of time.
SUI tops $0.20 as Market Reacts to Mysticeti V2 Upgrade
$SUI, on the other hand, is having a quiet rise, crossing the psychological $2.0 mark, following the October crash that saw the token hit a one-year low of $0.55. Nonetheless, $SUI trails other major cryptocurrencies, having only witnessed a 1.05% increase over the weekend, despite Bitcoin’s mammoth rise.
Nonetheless, the holders and bulls remain optimistic of a spike in the coming week if macroeconomic conditions remain stable and the price remains above the $1.96 support levels.
Additionally, the launch of the Mysticeti V2 upgrade last week could catalyze growth in SUI. The significant upgrade to Sui blockchain’s consensus engine aims to reduce latency by over 35% while boosting transaction speed and enhancing resource efficiency. An apparent effect of the upgrade is already being felt across SUI users, and an increase in adoption rates could also be valuable in setting a huge green month for the coin.
A Comeback For Gaming Tokens
As L1s continue to upgrade their infrastructure rapidly and tokens return to pre-October levels, the crypto gaming ecosystem remains lagging, presenting investors with an opportunity to accumulate at these levels.
With the U.S. government reopening and tensions between the U.S. and China easing, the gaming ecosystem could follow the rest of the market to higher targets. Earth Version 2 , the open-world MMORPG game, presents an ideal opportunity for investors seeking a low-cost, asymmetric return project.
Final Thoughts
Macroeconomic factors are turning positive, and relaxed monetary policies across the U.S., Europe, and Asia signal a bullish market heading into 2026. Here is what to watch as we close out the final few weeks of 2025:
First, the upgrades across the Layer 1 blockchains could yield handsome returns, as well as attract more institutions to buy the tokens. This will drive more capital into the Layer 1 ecosystem and could be a solid catalyst for growth.
Second, a bullish market impacted by favourable market conditions could also play a role in resurrecting the blockchain gaming ecosystem. If the project is solid, meets its milestones, and delivers a market-ready product, as $EV2 does, it could yield massive returns on investment.
Finally, keep an eye on the regulatory stances across governments, as more governments continue to relax their laws and accept crypto projects. This could be a massive indicator of a potential return to the bullishness we witnessed at the start of the year.
