Institutional demand, particularly through Bitcoin ETFs, is also driving this momentum, with strong inflows sustaining upward price movement.
Price is up 12% in the weekly chart, currently trading at $122,670.
Why Bitcoin price is going up today? Let's check current BTC price analysis and price predictions
Bitcoin has surged close to a new record high,
climbing within 1% of its all-time price as the U.S. government shutdown
extends into its third day.
This unexpected political uncertainty has coincided
with a broader rally across cryptocurrencies, signaling renewed investor
confidence and a potential turning point after a quiet summer.
The cryptocurrency rose more than 1.2% in the past 24
hours, reaching approximately $122,400 and briefly touching $123,850, according to CoinMarketCap. This puts
it just shy of the $124,290 record set in August.
Meanwhile, the total crypto market capitalization
climbed over 3% to surpass $4.2 trillion amid high bullish sentiment on social
channels. Since the shutdown began on Wednesday, Bitcoin’s value has increased
by over 8%.
Bitcoin daily price chart, Source: CoinMarketCap
Government Shutdown Spurs New Bitcoin Interest
The shutdown highlighted the stark difference between it and the 2018 shutdown during the Trump administration, when Bitcoin remained
largely unaffected.
October has been strong for Bitcoin historically,
often called “Uptober” by traders due to gains in nine of the past ten years. A
rise toward $135,000 would mark roughly a 9% increase from current prices.
The recent Bitcoin surge comes amid growing
institutional interest and shifting macroeconomic conditions. After trading
below $110,000 just last weekend, Bitcoin has climbed almost 15% over five
days.
“It seems this momentum is being driven by
institutional demand through Bitcoin ETFs, with sustained positive inflows
throughout early October creating strong upward momentum toward ~$124k. The
trend shows ETF inflows that may be driving the current rally toward all-time
highs,” opined Jake Kennis, Senior Research Analyst at Nansen.
Institutional Demand and Macro Factors Drive Rally
Its quick recovery contrasts with July to September’s
relatively muted price action, during which Bitcoin lagged behind stocks and gold. These factors have pushed investors away from
the U.S. dollar toward hard assets like Bitcoin, which benefit from increased
institutional adoption.
Meanwhile, according to Bitfinex analysts, “technical levels indicate supply zones between $120K and $124K, while on-chain data highlights strong holder absorption around $111K to $113K, creating a solid base. Also, market sentiment seems constructive without appearing excessively greedy. If inflows remain consistent and macro data does not deliver any upside surprises, the path towards more new all-time highs in Q4 appears well supported.”
The combination of deeper economic shifts and broader
investor pools provides a stronger foundation than past speculative runs. As Bitcoin approaches new heights amid political
turbulence and changing global dynamics, the coming weeks will test whether
this renewed enthusiasm can hold or if profit-taking will again disrupt the
rally.
Bitcoin has surged close to a new record high,
climbing within 1% of its all-time price as the U.S. government shutdown
extends into its third day.
This unexpected political uncertainty has coincided
with a broader rally across cryptocurrencies, signaling renewed investor
confidence and a potential turning point after a quiet summer.
The cryptocurrency rose more than 1.2% in the past 24
hours, reaching approximately $122,400 and briefly touching $123,850, according to CoinMarketCap. This puts
it just shy of the $124,290 record set in August.
Meanwhile, the total crypto market capitalization
climbed over 3% to surpass $4.2 trillion amid high bullish sentiment on social
channels. Since the shutdown began on Wednesday, Bitcoin’s value has increased
by over 8%.
Bitcoin daily price chart, Source: CoinMarketCap
Government Shutdown Spurs New Bitcoin Interest
The shutdown highlighted the stark difference between it and the 2018 shutdown during the Trump administration, when Bitcoin remained
largely unaffected.
October has been strong for Bitcoin historically,
often called “Uptober” by traders due to gains in nine of the past ten years. A
rise toward $135,000 would mark roughly a 9% increase from current prices.
The recent Bitcoin surge comes amid growing
institutional interest and shifting macroeconomic conditions. After trading
below $110,000 just last weekend, Bitcoin has climbed almost 15% over five
days.
“It seems this momentum is being driven by
institutional demand through Bitcoin ETFs, with sustained positive inflows
throughout early October creating strong upward momentum toward ~$124k. The
trend shows ETF inflows that may be driving the current rally toward all-time
highs,” opined Jake Kennis, Senior Research Analyst at Nansen.
Institutional Demand and Macro Factors Drive Rally
Its quick recovery contrasts with July to September’s
relatively muted price action, during which Bitcoin lagged behind stocks and gold. These factors have pushed investors away from
the U.S. dollar toward hard assets like Bitcoin, which benefit from increased
institutional adoption.
Meanwhile, according to Bitfinex analysts, “technical levels indicate supply zones between $120K and $124K, while on-chain data highlights strong holder absorption around $111K to $113K, creating a solid base. Also, market sentiment seems constructive without appearing excessively greedy. If inflows remain consistent and macro data does not deliver any upside surprises, the path towards more new all-time highs in Q4 appears well supported.”
The combination of deeper economic shifts and broader
investor pools provides a stronger foundation than past speculative runs. As Bitcoin approaches new heights amid political
turbulence and changing global dynamics, the coming weeks will test whether
this renewed enthusiasm can hold or if profit-taking will again disrupt the
rally.
How Venezuela’s Long Reliance on Crypto Turned a Geopolitical Shock into a 24/7 Headache for Brokers
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
