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Bitcoin surged past $125,000 implicit the weekend, mounting a caller grounds arsenic investors shrugged disconnected concerns astir the ongoing U.S. authorities shutdown and embraced the alleged “Uptober” rally. The milestone surpasses the erstwhile precocious acceptable connected August 14.
The rally was fueled by gains successful U.S. stocks and renewed inflows into bitcoin-related ETFs. Investors are betting that the shutdown volition weaken the dollar, prompting a “devaluation trade” into assets similar gold, stocks, and cryptocurrencies.
Joshua Lim, Co-Head of Markets astatine FalconX, said: “Right now, galore assets—including stocks, gold, and adjacent Pokémon cards—are hitting all-time highs. It’s nary astonishment that bitcoin is benefiting from the dollar devaluation narrative.”
Bitcoin, up much than 30% this year, has been buoyed by a friendlier regulatory clime nether President Trump and increasing adoption by companies pursuing Michael Saylor’s bitcoin-hoarding strategy.
Spot bitcoin ETFs recorded $3.24 cardinal successful nett inflows for the week ending October 3 — the largest play inflow of 2025.
Geoff Kendrick, Global Head of Digital Asset Research astatine Standard Chartered, said: “This authorities shutdown is significant,” predicting that bitcoin could ascent higher successful the coming weeks. He reaffirmed his year-end people of $200,000, saying the operation of ETF inflows and shutdown uncertainty “could further propulsion up cryptocurrency prices.”
The station Bitcoin tops $125,000 contempt U.S. shutdown fears appeared archetypal connected Vanguard News.
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