Bitcoin established a new record for the first time since mid -August, while the closure of the US government drove investors to safe port activa in a migration that called the ‘debasement trade’.
The largest digital asset climbed to $ 125,689 on weekends and remained on Monday morning in Singapore at around $ 124,000, according to data collected by Bloomberg.
The increase came in the midst of an American government closure that helped the demand for observed safe port activa. The Shutdown meant that the Bureau or Labor Statistics did not publish a non -farm payroll figures on Friday.
Gold went further than $ 3,900 on Monday to set another record, extending a month -long rally, while Bitcoin ran the road between cryptocurrencies.
From here, traders expect resistance to $ 135,000, with $ 150,000 “in sight when the momentum applies,” said Rachael Lucas, analyst at BTC Markets. “But with lever structure, any sharp reversal can cause volatility.”
Option markets are “crooked bullish” with more than 60 percent of the open interest in call options, a state of affairs “that reflects a strong conviction, but also increases the risk of liquidation cascades as a momentum,” Lucas added.
Ether, the second largest digital active, was relatively unchanged at $ 4,522 from 10:27 am in Singapore on Monday. XRP was stable at just $ 3.
More stories like these are available on Bloomberg.com
Published on October 6, 2025
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