The crypto market has surged past the $4.2 trillion mark, with Bitcoin (BTC) pushing toward new all-time highs. Currently trading at $122,493, the cryptocurrency is experiencing a 1.97% rise in just 24 hours, according to CoinMarketCap data. The overall market cap has also risen by 1.38%, reaching $4.19 trillion. TradingView data shows Bitcoin holding steady above $122,000 after breaking through this week’s resistance levels. This rally is further fueled by Bitcoin’s strength in the face of major barriers near $116,784 and $114,446. 8% gains were seen since the U.S. government shutdown began due to traders positioning themselves around policy uncertainty, according to Bitfinex analysts. Additionally, JPMorgan forecasts Bitcoin could reach $165,000 by 2025 thanks to strong ETF inflows and its value edge over gold, further bolstering investor confidence in the asset.