Catenaa, Wednesday, October 08, 2025-Bitcoin hit a new record high above $126,000 Monday as investors sought refuge amid US political gridlock and economic uncertainty. The cryptocurrency’s surge, nearly doubling in value over the past year, reflects strong institutional inflows and tightening supply across exchanges.
Spot Bitcoin ETFs from BlackRock and Fidelity drew $3.24 billion in net inflows last week, the second-highest tally since launch. Meanwhile, centralized exchanges report only 2.83 million BTC on hand, the lowest in six years, intensifying buying pressure.
Analysts suggest the rally could extend toward $130,000 if ETF momentum continues.
The ongoing U.S. government shutdown, now in its second week, has pushed more than $6 billion into cryptocurrencies, with gold also rallying past $4,000 per ounce. ‘
Bitcoin’s safe-haven narrative is reinforced by weaker dollar performance, while Ether rose 3.4% to $4,676, XRP edged 0.4% higher to $2.98, and BNB climbed 3.6% to $1,215.
Market experts note the rally demonstrates both crypto’s resilience and its growing integration with traditional finance. Analysts highlight cyclical capital rotation, with Bitcoin benefiting first before altcoins like Ethereum, Solana, and Chainlink potentially follow.
Multi-year low supply and robust ETF inflows are expected to sustain the upward momentum, with support levels near $117,300 providing a floor.
