Bitcoin’s Surge Linked to Geopolitical Unrest as Shutdown Fuels Volatility

The cryptocurrency market is experiencing a surge, with Bitcoin nearing a new all-time high of $124,500. Analysts attribute this bullish momentum to various economic factors, particularly the volatile political landscape surrounding the U.S. government shutdown. This situation has heightened investor sensitivity as uncertainty in the market continues to drive Bitcoin’s value upward. 50% chance suggests the shutdown could last for 10-29 days. While traditional assets like gold have held up well, Bitcoin ETFs are gaining traction, with around $23 billion of the $58 billion invested in these funds this year projected to flow into them by 2025.