{"id":876033,"date":"2025-10-07T22:16:31","date_gmt":"2025-10-08T03:16:31","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/07\/bitcoin-sets-new-record-high-above-126k-as-political-gridlock-boosts-haven-assets\/"},"modified":"2025-10-07T22:16:31","modified_gmt":"2025-10-08T03:16:31","slug":"bitcoin-sets-new-record-high-above-126k-as-political-gridlock-boosts-haven-assets","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/07\/bitcoin-sets-new-record-high-above-126k-as-political-gridlock-boosts-haven-assets\/","title":{"rendered":"Bitcoin Sets New Record High Above $126K As Political Gridlock Boosts Haven Assets"},"content":{"rendered":"
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\n Bitcoin Sets New Record High Above $126K As Political Gridlock Boosts Haven Assets <\/h2>\n
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\n <\/p>\n

Crypto Reporter<\/p>\n

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Shalini Nagarajan<\/p>\n

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\n <\/p>\n

Crypto Reporter<\/p>\n

\n Shalini Nagarajan <\/span>\n <\/p>\n<\/p><\/div>\n

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About Author<\/p>\n

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

\"Bitcoin<\/p>\n

Bitcoin<\/a> surged to a new record high above $126,000 on Monday, extending gains as investors sought shelter from political and economic uncertainty. <\/p>\n

The milestone added to a powerful run that has seen the cryptocurrency nearly double in value over the past year.<\/p>\n

The world\u2019s largest digital asset climbed as high as $126,080 after breaching the $125,000 mark for the first time on Sunday. <\/p>\n

It later steadied at $124,712, still up 0.6% and on track for a second straight session of gains. Ether<\/a> rose 3.4% to $4,676, XRP<\/a> edged up 0.4% to $2.98, while BNB<\/a> gained 3.6% to $1,215.<\/p>\n

<\/figure>\n

US Government Shutdown Spurs $6B Shift Into Cryptocurrencies<\/span><\/h2>\n

Analysts pointed to a confluence of factors driving demand. Institutional inflows into Bitcoin funds have surged, friendlier policies under US President Donald Trump have helped sentiment and weakness in the US dollar has encouraged investors to diversify. <\/p>\n

The dollar index<\/a>, which tracks the greenback against a basket of major currencies, held flat at 98.18 on Monday but remains down nearly 10% this year.<\/p>\n

The ongoing US government shutdown, now in its second week, has amplified the move. With lawmakers deadlocked and economic data releases delayed, investors have funneled more than $6b into cryptocurrencies in search of safety. <\/p>\n

Gold has also rallied, topping $4,000 per ounce, strengthening Bitcoin\u2019s narrative as \u201cdigital gold.\u201d<\/p>\n

Spot Bitcoin ETFs Draw $3.24B As Supply Hits Six-Year Low<\/span><\/h2>\n

Spot Bitcoin ETFs have been central to the rally<\/a>. BlackRock and Fidelity\u2019s products drew $3.24b in net inflows last week, their second-highest tally since launch. Centralized exchanges are also reporting the lowest Bitcoin reserves in six years<\/a> at just 2.83m coins, pointing to tightening supply that has magnified buying pressure.<\/p>\n

Ryan Lee, chief analyst at Bitget, said Bitcoin could sustain its climb in the near term. He noted investors may see a test of $130,000 if ETF momentum continues to build. <\/p>\n

Lee also expects Ethereum to rebound toward the $4,800\u2013$5,000 range on the back of Bitcoin\u2019s strength and upcoming technical upgrades.<\/p>\n

Market participants stressed that the rally reflects both resilience and maturing integration with traditional finance. \u201cThis rally highlights the sector\u2019s resilience and the accelerating integration of crypto into traditional portfolios,\u201d Lee added, pointing to institutional participation and innovation as key long-term drivers.<\/p>\n

Bitcoin Supply At Multi-Year Lows Adds Pressure To Upside Momentum<\/span><\/h2>\n

Others emphasized the cyclical nature of the move. Shivam Thakral, CEO of BuyUcoin, said the pattern of capital rotation was typical. \u201cBitcoin\u2019s rally is pretty normal early in a bull run as investors usually pile into Bitcoin first because it feels safer and more stable,\u201d he said.<\/p>\n

He added that altcoins were likely to benefit once profit-taking sets in. \u201cAlt season isn\u2019t dead, just on pause. Once Bitcoin cools off and traders start taking profits, stronger altcoins like Ethereum, Solana, and Chainlink could shine. The market\u2019s not giving up on alts; it\u2019s just getting smarter and focusing on real value instead of hype.\u201d<\/p>\n

With supply at multi-year lows and inflows building, traders say the market backdrop favors further gains. Support levels around $117,300 are holding, and if momentum endures, Bitcoin could test new highs toward $140,000 in the coming weeks.<\/p>\n

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\n Erasmo Noren<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Sets New Record High Above $126K As Political Gridlock Boosts Haven Assets Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Last updated:\u00a0 October 6, 2025 Bitcoin surged to a new record high above<\/p>\n","protected":false},"author":1,"featured_media":876034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,3543],"tags":[],"class_list":{"0":"post-876033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-record"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=876033"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/876034"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=876033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=876033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=876033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}