The cryptocurrency is once again in the spotlight, reaching a new record high in trading. The U.S. government shutdown is driving investors toward the private sector, sending the world’s leading cryptocurrency soaring. Bitcoin hit an all-time high this Sunday, October 5, surpassing $125,000 overnight.
Investor confidence appears to be linked to “Uptober,” the term used to describe Bitcoin’s typical strong performance in October. However, the cryptocurrency later pulled back to around $123,000 by 11:50 a.m. Sunday — still a 0.70% daily increase — reflecting its usual volatility.
The rally may be fueled by expectations of interest rate cuts by the U.S. Federal Reserve (Fed) and by improvements in U.S. macroeconomic indicators.
At the same time, the U.S. government shutdown seems to be contributing to Bitcoin’s rise, as investors move funds out of Treasury bonds and into private-sector assets such as cryptocurrencies and stocks.
Since the beginning of the week, Bitcoin has gained 7.9%, and it is now 31.3% higher than at the start of 2025.
Source: Dinheiro Vivo
