Bitcoin soared to a new all-time high on Sunday, Breaking Past the $ 125,000 mark as safe-han demand surged.The world’s largest cryptocurrency reacted $ 125,689 in asia, Driven by Investor Concerns over the US government shutdown. The cryptocurrency smashed its previous record of $ 124,514 set on August 14, Boosted By Gains in US Stocks and Fresh Inflows Into Bitcoin-LINKED EXANKED EXANGANGE-TRADED Funds.Investors Believe That The Government Shutdown, Why Began on Wednsday, Could Push Money INTO SAFE-Hen Assets, A Trend Market Participants are calling the “Debasement Trade.”“With many assets including equities, gold and even collectorials like pokemon cards Hitting all time highs, it’s no surprise bitcoin is benefiting from the delar delar delar delar delegation,” LIM, co-head of markets at crypto prime brokege firm Falconx Told Bloomberg.October is traditionally a strong month for bitcoin, often referred to as “UPTOBER,” With the token Gaining in Nine of the Past Ten Years. The surge this year has lifted bitcoin’s value by more than 30%.The Rise has also been fuelled by growing corporate adoption. Public companies, LED by Michael Saylor’s Strategy, Have Been StockPiling Bitcoin, A Move That Has Inspired Other Firms and even booted interesting in smaller digital assets like Eather.Us equities Hit record highs on Friday, Driven by Major Artificial Intelligence Deals and Partnerships, Esing Concerns about a Prolonged Shutdown and Weak Business Activity.Meanwhile, treasuries and the dollar fell, and gold was on track for a seventh cultural weekly Gain, supported by Central Bank Buying Amid Low Interest Rates and Persistent Infration works.“The shutdown matters this time Around,” said geoff kendrick, global head of digital assets research at Standard Chartered Plc, as Quoted by bloomberg.He added that bitcoin is likely to risk this period and noted that the cryptocurrency was “in a different place” during the previous shutdown in 2018-2019, when it has done it has moves Assets.
