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Bitcoin Rallies to Within 1% of All-Time High, Gaining Safe Haven Status During Shutdown

Summary by CNBC
Bitcoin is trading within striking distance of its record price as the U.S. government shutdown enters its third day.

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Bitcoin prices surged today, nearing a record high as the US government shutdown enters its third day. Investors are turning to the world's most popular cryptocurrency as a safe haven amid political uncertainty in the US, CNBC reports. The world's oldest cryptocurrency traded at $123,874, up about 2% on the day. That puts Bitcoin just 1% below its all-time high of just over $124,000 in mid-August. It has surged an impressive 12% this week alone.…

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u.today broke the news in on Thursday, October 2, 2025.
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