CoinDesk

Oct 7, 2025

3 0

Bitcoin Hits Record High of $126,223 Amid Surging ETF Inflows

Bitcoin Surge Amid U.S. Shutdown and ETF Inflows

• Bitcoin reached a new all-time high at $126,223 amid the U.S. government shutdown and weakened dollar.
• The cryptocurrency currently trades near $124,000, reflecting a 15% weekly gain.
• Bitcoin set records against the euro, Swiss franc, and yen, influenced by Japan's potential easing policies.

Market Movements

• Ethereum rose 4% to $4,700, with potential momentum pushing it to $4,800–$5,000.
• BNB increased over 20% in a week, hitting above $1,240.
• Dogecoin gained 6% to $0.26, XRP approached $3, and Solana added over 12% in seven days.
• Total crypto market capitalization peaked at $4.27 trillion before settling at $4.24 trillion.

ETF-Driven Rally

• Weekly spot ETF inflows totaled $3.2 billion, the second-largest on record.
• Total ETF allocations since January exceed $60 billion.
• Exchange balances of Bitcoin fell to a six-year low, indicating long-term storage.

Political Uncertainty and Market Impact

• The ongoing U.S. government shutdown creates uncertainty and could shift capital toward assets like Bitcoin.
• Historical patterns show mixed results during past shutdowns; however, current trends mirror 2013's positive outcomes for Bitcoin.
• A softened dollar and cautious Federal Reserve may contribute to easier liquidity conditions, favoring Bitcoin's upward trend.

Further developments suggest $125,000 may become a significant price level for Bitcoin.