BREAKING: Bitcoin Makes History, Sets New Record – Here Are the Latest Figures and What You Need to Know
Bitcoin (BTC) has made history again. The largest cryptocurrency broke its all-time high price record, reaching $125,819 minutes ago, according to Binance data.
The government shutdown in the US and the uncertainty it created in global markets are cited as the most important reason behind this rise.
Bitcoin is trading at $125,771, up 2.05% in the last 24 hours. Its market capitalization has risen to $2.5 trillion, while its 24-hour trading volume has reached $62.92 billion.
During the rally, the futures market also experienced significant liquidations. A total of $303.84 million worth of positions were liquidated in the last 24 hours. Of this, $120.35 million consisted of long positions and $183.49 million consisted of short positions.
Total liquidations by asset in the last 24 hours were as follows:
- ETH: $73.32 million
- BTC: $59.04 million
- COAI: $21.08 million
- LEFT: $13.59 million
- DOGE: $9.39 million
Analysts argue that Bitcoin's rise is driven by the search for a “safe haven.” Political gridlock and budget uncertainty in the US are reportedly driving investors toward digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Why does bitcoin only rise when the U.S. government reopens?
The US government shutdown has entered its 36th day, leading to a decline in global financial markets. The shutdown has prevented funds from being released from the Treasury General Account (TGA), draining market liquidity and triggering a liquidity crisis. Interbank lending rates have soared, while default rates on commercial real estate and auto loans have risen, increasing systemic risk. The market is divided over future trends: pessimists believe the liquidity shock will persist, while optimists expect a liquidity release after the shutdown ends. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model is updated.
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