Bitcoin hit an all-time high of $125,700 per Coinbase bitcoin price data displayed on TradingView, fueled by steady inflows into ETFs during the official US government shutdown.
Binance data shows that Ethereum dropped 0.44% to $4,563 compared to other cryptocurrencies. Recent price action also saw declines in XRP, BNB, Solana, Dogecoin and Cardano over the past hour.
Amid rising macroeconomic uncertainty, analysts say this strong rally reflects increasing investor interest in hedge assets like gold and Bitcoin.
Bitcoin has been steadily climbing for most of the past year after President Donald Trump fostered a more supportive legislative environment in Washington.
Public companies have driven demand by adopting the popular strategy of holding the original crypto asset, led by Michael Saylor’s institutional approach.
Bitcoin has been rising steadily for most of the past year since President Donald Trump brought a more accommodative legislative environment to Washington.
Public companies have increased demand by adopting the increasingly common corporate strategy of hoarding the original cryptocurrency, which Michael Saylor’s Strategy spearheads. Digital assets have increased significantly because of the playbook spreading to smaller rivals, such as Ether.
US stocks broke through the gloomy reading on business activity and the possibility of a protracted shutdown on Friday, hitting record highs amid yet another round of high-profile AI partnerships and deals. The dollar and Treasury securities fell. With US interest rates declining and inflation worries still present, central bank purchases were driving gold to a seventh weekly gain.
Digital assets have surged widely as this strategy spreads to smaller rivals like Ether. US stocks broke through negative business activity signals and fears of a prolonged shutdown, reaching record highs amid major AI partnerships and deals. The dollar and Treasury securities declined.
