Bitcoin has surpassed $125,000, and is on its way to a new record high. Investors are turning towards alternative assets due to macroeconomic uncertainties in Washington as well as mounting political tensions.
Bitbio data shows that the world’s biggest cryptocurrency has risen more than 13 percent in the last week. It rose from around $109,000 towards the end of Sept to $125,750 at the weekend.
Bitcoin’s current price is $125 870.
This move is a result of the act. people expect Federal Reserve will cut interest rates this month. This could fuel an increase in risky assets.
Current U.S. Government Shutdown is adding another tailwind Bitcoin’s growth. In its second week of a budget impasse, concerns have grown about the credibility and fiscal health of the dollar.
Geoffrey Kendrick of Standard Chartered is an analyst who specializes in digital assets. believe that Bitcoin’s role Washington’s gridlock has exacerbated the perception of Bitcoin as a “safe haven”. Kendrick thinks Bitcoin will reach $135,000 within the next few months and $200,000 by the end of this year if conditions remain unchanged.
It is also a rally. aligns with Bitcoin’s historical “Uptober” trend — a pattern of strong October gains that often set the tone for the final quarter. Bitcoin averages a 58% gain in the final quarter since 2015, which is by far the best of any 3-month period.
Inflows to spot Bitcoin ETFs, custodial platforms and other professional investment vehicles indicate a renewed interest from professionals.
The price of bitcoin and gold is still rising
As Bitcoin grabbed the headlines on Monday, gold continued to break records, surging up to $3.944.81 in Asian trade. Gold has increased by nearly 50% in the past year due to central bank purchases, a weaker dollar, and expectations Additional Fed easing.
UBS and Commerzbank recently lifted their 2025–2026 forecasts, citing persistent geopolitical risks and strong demand from reserve managers.
The Japanese yen is a good example. continued to weaken Following the recent Japanese election that brought in a new government, it is believed to favor a looser fiscal policies. The dollar was trading above 145yen and this contributed to increased volatility on the currency markets.
Bitcoin, Gold, and traditional safe havens all moving higher, it appears that investors are positioning themselves for a period of prolonged policy uncertainty, as well as weakened dollar. Whether this momentum can last, analysts say, will depend on how quickly Washington resolves its fiscal impasse — and how aggressively the Fed moves to cut rates in the coming weeks.
According to data from Bitcoin Magazine Pro, at the time of publication, Bitcoin’s price was near $124,585. This is an increase of more than 80% since January.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
