Bitcoin hits new all-time high of $124,500

Bitcoin broke through resistance and hit a record $124,500 on Coinbase ￰0￱ move came after nearly two weeks of testing the same ￰1￱ rally unfolded amid what is now the longest ￰2￱ shut down in history under the 45th and 47th president, Donald ￰3￱ failed to agree on funding, and by Wednesday the shutdown officially ￰4￱ timing pushed investors toward decentralized ￰5￱ jumped 14% in just a ￰6￱ wanted a hedge as Washington failed to ￰7￱ shutdown added more stress to a market already on ￰8￱ rises as shutdown and politics collide Geoff Kendrick from Standard Chartered said, “The shutdown matters this time around.” He noted that during Trump’s last shutdown from December 22, 2018, to January 25, 2019, Bitcoin barely moved because it was “in a different place than now.” This time, the crypto is reacting directly to political ￰9￱ added, “However, this year bitcoin has traded with ‘US government risks’ as best shown by its relationship to US treasury term premium.” Standard Chartered had predicted less than two days ago that Bitcoin was about to set a new ￰10￱ also said the coin could reach $135,000 soon ￰11￱ traders are also moving into other ￰12￱ gold surged 0.5% to $3,876.55 per ounce on Friday, capping a weekly gain of more than 2%.

The demand for havens reflects the same pressures driving crypto higher. Trump, speaking during the standoff, warned that benefit programs could face cuts if no deal is ￰13￱ threatened reductions for what he called “large numbers of people.” The remarks only fueled more concern about ￰14￱ the same time, Bitcoin has climbed about 30% in ￰15￱ Wall Street firms are adding it to portfolios, treating it as a credible ￰16￱ investors are also shifting, seeing it less as a trading toy and more as part of a larger strategy. On-chain data shows what big holders, or whales, are ￰17￱ 30-day metric that tracks balances shows a sharp decline through September ￰18￱ sold a significant amount during the past month, creating downward ￰19￱ showed a red zone of heavy ￰20￱ signs of exhaustion are ￰21￱ prices climbed, whale selling slowed ￰22￱ early October, the pace ￰23￱ shows the purple zone narrowing, a signal that the selling pressure is ￰24￱ have been net sellers for weeks, but now there’s a hint they might be shifting into a new re-accumulation ￰25￱ that continues, it could backstop the short-term ￰26￱ now, the market has shown that even during political gridlock, Bitcoin can set records while traditional systems ￰27￱ Bybit now and claim a $50 bonus in minutes