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HomeCrypto NewsBitcoin touches previous all-time high amid US government shutdown, macro uncertainties

Bitcoin touches previous all-time high amid US government shutdown, macro uncertainties

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“`json
{
“title”: “Bitcoin Achieves New Record High Amid Federal Budget Crisis and Economic Volatility”,
“content”: “Bitcoin (BTC) established a fresh milestone on October 3, surpassing its previous cycle peak of $123,731.21 recorded on August 14 and establishing a new benchmark for the current market phase. The cryptocurrency’s upward trajectory gained momentum throughout October as favorable macroeconomic conditions and capital inflows converged to support the rally.\n\nMarket sentiment in the spot trading environment remained positive as Bitcoin successfully reclaimed the $120,000 psychological barrier earlier in the month. The digital asset’s performance demonstrates remarkable resilience amid ongoing federal government funding uncertainties and broader economic instability.\n\nThe breakthrough occurs during a period of significant fiscal policy concerns in the United States, where budgetary disputes have created additional market volatility. Bitcoin’s ability to reach unprecedented levels during such macroeconomic turbulence underscores its growing perception as a store of value among institutional and retail investors alike.\n\nTrading volumes and market participation have shown consistent strength, with the cryptocurrency maintaining its upward momentum despite traditional financial market fluctuations. This latest achievement reinforces Bitcoin’s position as the dominant digital asset while potentially signaling renewed institutional confidence in cryptocurrency markets during periods of economic uncertainty.”,
“tags”: [“Bitcoin Price Analysis”, “Cryptocurrency Markets”, “Digital Asset Performance”, “Market Volatility”, “Federal Budget Impact”]
}
“`

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