The price of bitcoin broke through a record high of $125,700 today, and the market value exceeded $2.50 trillion for the first time. Several market analysts pointed out that this round of gains was driven by macro factors such as the first US government shutdown since 2018 and loose liquidity, highlighting the "store of value" property of bitcoin.
Fabian Dori, chief investment officer at Sygnum Bank, said that the political standoff in the United States has triggered an increase in investor interest in decentralized assets, while the loose liquidity environment and the improved performance of bitcoin against stocks and gold have also promoted the inflow of funds into the digital asset market.
Nansen senior researcher Jake Kennis pointed out that if the government resumes operations as soon as possible and prompts the Federal Reserve to take a more dovish stance, it could further benefit the crypto market. However, he believes that the bottom of the market cannot be confirmed yet, and bitcoin still needs to remain stable at key support levels for several weeks.
On-chain data shows that Bitcoin is entering a new "accumulation stage", with whales selling down and long-term holders selling less. Analysts predict that if Bitcoin can continue to stand firm at the $120,000 mark, the price is expected to break through the $150,000 by the end of 2025.
Analysis: The US government shutdown and the macro environment have pushed up Bitcoin's rally, and it is expected to break through the $150,000 by the end of the year
2025-10-05 14:04:48
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