Bitcoin Rallies to $125,700 All-Time High as Government Shutdown Fuels Momentum

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Bitcoin achieved a new milestone early Sunday, cresting above $125,000 as its historic “Uptober” performance collides with a crisis of confidence in traditional governance. The digital asset’s climb to $125,700, as reported by Coinbase, marks a new all-time high and underscores its growing role as a hedge against systemic risk.

The record-setting move comes just days after the U.S. government entered a shutdown due to a Congressional impasse—a development that analysts believe is accelerating the shift toward decentralized finance.

“The U.S. government shutdown has renewed discussion around Bitcoin’s store-of-value role, as political dysfunction underscores interest in decentralised assets,” noted Fabian Dori, CIO of Sygnum Bank. “At the same time, the broader environment… has drawn attention to digital assets.”

The timing is particularly significant, as the shutdown began just as a wave of new altcoin ETFs were preparing to launch. With a track record of October gains in 10 of the past 12 years, Bitcoin’s current 11% monthly surge reinforces its seasonal strength amid a unique confluence of macroeconomic and political factors.