Bitcoin is on the brink of a historical peak: It has surpassed 126 thousand dollars.

Bitcoin Breaks New Record

Bitcoin reached a historic peak in early October, rising to approximately $126,000. This extraordinary increase reflects the growing demand for the cryptocurrency as a safe haven among investors, influenced by global economic uncertainties and the effects of the U.S. government shutdown.

Effects of the U.S. Government Shutdown

The U.S. government shutdown led to the suspension of significant federal operations. This situation has also delayed the announcement of critical economic data, such as the September employment report, which is expected to be released on Friday, leaving the markets in uncertainty.

Fed Rate Cut Expectations

At the same time, the possibility of further interest rate cuts by the U.S. Federal Reserve (FED) has boosted investor confidence. Market expectations are shaping up with strong signals that there will be a quarter-point rate cut this month, along with a new cut anticipated in December.

Investments in Spot Bitcoin ETFs

In recent weeks, there has been a net inflow of $3.25 billion into spot Bitcoin ETFs listed in the U.S. This development has given a serious momentum boost to the Bitcoin market. According to current market data, Bitcoin is currently trading at $123,724.

Conclusion and Investor Expectations

The achievement of this historic peak by Bitcoin has created encouraging optimism among investors, while continuing to impact market dynamics. Adopting a cautious approach to these developments in the cryptocurrency world has become more important than ever.