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Bitcoin Hits All-Time High Amid Market Optimism
Bitcoin's market cap reached $2.5 trillion with $2.3 billion in ETF inflows during the US government shutdown, despite warnings of a possible correction.
- This past week, Bitcoin, the largest cryptocurrency, crossed $120,000 as the crypto market surged toward $4.14 trillion.
- U.S.-Listed spot exchange-traded funds pulled in over $2.3 billion since late September, while analysts say the U.S. government shutdown has boosted safe-haven demand and crypto buying.
- Derivatives data show record open interest in BTC futures at $32.6 billion, while CoinGlass reports $350 million in liquidations dominated by shorts and retail investors added about $200 million.
- Analysts warn a correction could follow the rally as institutions sell while retail buyers chase prices, and prominent crypto analyst TED keeps 70% in stablecoins, calling it `big money selling to small money`.
- Traders expect a sustained rally above $120,000 in the coming weeks, as technical targets at $124,000 could lead to a $141,000 high, analysts say.
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52 Articles
52 Articles
The world's most famous cryptocurrency, Bitcoin, has climbed to a record high of more than $125,000. It is driven by political crises and the legendary "Uptober".
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Coverage Details
Total News Sources52
Leaning Left3Leaning Right8Center8Last UpdatedBias Distribution42% Center, 42% Right
Bias Distribution
- 42% of the sources are Center, 42% of the sources lean Right
42% Right
L 16%
C 42%
R 42%
Factuality
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