Bitcoin reached $ 126,223 on Monday, marking another record while the American closure, the darker dollar and the increase in FNB that increases to tighten the supply and extend the rally.
During the editorial staff, the cryptocurrency exchanged nearly $ 124,000, based on a weekly gain of 15% which increased the majors at all levels.
Elsewhere, Bitcoin broke records in Euro and in terms of Swiss franc, crossing EUR 106,000 and 99,600 CHF, as well as in Japan. The new Prime Minister of the Asian nation reports a return to the softening of abenomic style, which plays directly in the narrative of the liquidity conditions easier to come, as Omkar Godbole noted on Coindesk on Monday.
The wider market has taken an offer, after Bitcoin’s advance. Ether jumped $ 4,700, its highest in three weeks, merchants looking at the fork from $ 4,800 to $ 5,000 if the momentum is selected.
BNB continues to be the aberrant value, up more than 20% in last week and establishing new records over $ 1,240, a decision that highlights rotation in the names of the ecosystem when the basic asset has an offer. Dogecoin gained 6% to $ 0.26, XRP checked at almost $ 3 and Solana added more than 12% in the last seven days.
The extent of this gathering is remarkable. The total market capitalization of the crypto increased to 4.27 billions of dollars before securing slightly to 4.24 billions of dollars. The feelings index is 71 (greed), near the levels observed for the last time in August but still short of euphoria. This leaves room for the extension without the signs of a high sudden.
Rally led by ETF
BTC’s decision to record highs was not a lever peak. The weekly entries in the ETF spot have crossed $ 3.2 billion, the highest since November 2024 and the second largest recorded, pushing total allowances since January to more than $ 60 billion, according to the Sosovalue data source.
This request focused on FNB is taken up by certain analysts.
“Bitcoin climb above $ 124,000, fueled by $ 3.2 billion in FNB Spot entries, underlines the deepening of the institutional conviction and a maturation market,” said Ryan Lee, Bitget chief analyst, in a Coindesk note.
Meanwhile, Alex Kuptsikevich of FXPro warned that long -term holders have been active sellers around these levels since July, which means that the supply waits if demand vacillate.
The BTC exchange sales fell to a lower over six years of 2.83 million BTC, with 170,000 withdrawn in the last month, signaling parts that move away from exchanges and in longer -term storage. It is this combination of purchase and narrowing of regular ETFs that apparently underlie this movement.
Persistent political uncertainty
The closure of the United States government is entering its second week, blocking the main economic versions and creating uncertainty about budgetary orientation while investors seek clarity on growth.
Similar closures have historically pushed capital to hard assets, such as gold and bitcoin, reflecting concerns about political stability and its impact on Fiat markets or actions.
In 2013, the BTC almost doubled until October while Washington Gridlock persisted, while Gold added more than 3% in the same period. The 2018-2019 closure was different – Bitcoin slipped about 10% over five weeks while gold was barely moving. The latest higher record suggests that the market follows the 2013 model.
At the same time, the dollar has softened, by removing a front wind for the assets denominated in dollars, and the bond markets begin to assess a more prudent federal reserve.
Merchants expect more than a combination of weaker data prints and budgetary paralysis will encourage decision -makers to carefully walk on rates or at least avoid more tightening.
For Bitcoin, this can be read as easier conditions of liquidity to come, with the type of dominant bias which has historically accompanied the main races up the global market.
As a neutral observer, $ 125,000 seem to be a magnet and now a battle line.
