Bitcoin It rose to $ 126,223 on Monday, marking another record as the closure of the United States, the softer dollar and the increasing ETF tickets converged to tighten the supply and extend the rally.
At the time of writing, the cryptocurrency traded about $ 124,000, based on a weekly gain of 15% that has elevated specialties in all areas.
In other places, Bitcoin has broken records in Euro and Franco Swiss, crossing 106,000 euros and Chf 99,600, as well as in Japan. The new Prime Minister of the Asian Nation is pointing out a return to the flexibility in the style of Abenomics, which develops directly in the narration of the easiest liquidity conditions ahead, as Omykar Godbole de Coindesk pointed out on Monday.
The widest market collected an offer, after Bitcoin leadership. Ether increased 4% to $ 4,700, the highest in three weeks, and merchants observe the range of $ 4,800– $ 5,000 if the impulse is maintained.
BNB continues to be the atypical value, more than 20% in the last week and establishes new records above $ 1,240, a movement that highlights rotation in ecosystem names when the base asset has an offer. Dogecoin won 6% to $ 0.26, XRP increased more to almost $ 3, and Solana has added more than 12% in the last seven days.
The amplitude of this rally is remarkable. The total capitalization of the cryptography market increased to $ 4.27 billion before relieving a bit to $ 4.24 billion. The feelings index is found in 71 (greed), near the levels last seen in August, but still below the euphoria. That leaves space for the extension without the signs of an upper displacement.
Rally led by ETF
The BTC movement to the maximum record was not a spike directed by leverage. The ETF Spot weekly tickets crossed $ 3.2 billion, the highest since November 2024 and the second largest recorded, which promotes total allocations from January to more than $ 60 billion, according to the Sosovalue data source.
This demand driven by the ETF echoes some analysts.
“The Bitcoin increase above $ 124,000, fed for $ 3.2 billion in ETF Spot tickets, underlines the deepening of institutional conviction and a market narrative in maturation,” said Ryan Lee, Bitget chief analyst in a note to COINDESK.
Meanwhile, Alex Kuptsikevich of FXPRO warned that long -term holders have been active sellers around these levels since July, which means that the supply is waiting for the demand fails.
BTC exchange balances have fallen to a minimum of six years of 2.83 million BTC, with 170,000 removed in the last month, indicating coins that move outside the exchanges and in a long -term storage. It is that constant ETF purchase combination and reduced supply that apparently supports this movement.
Persistent political uncertainty
The closure of the United States government is entering its second week, stopping key economic liberations and creating uncertainty about tax leadership as investors seek clarity about growth.
Similar closures have historically pushed capital towards hard assets, such as gold and bitcoin, which reflects concerns about political stability and their impact on fiduciary or capital markets.
In 2013, BTC almost doubled until October while Washington’s outbreak persisted, while Gold added more than 3% during the same period. The 2018-19 closure was different: Bitcoin fell approximately 10% for five weeks, while gold barely moved. The last record suggests that the market is following the 2013 pattern.
At the same time, the dollar has softened, eliminating a wind against for assets called dollars, and bond markets are beginning to set the price of a more cautious federal reserve.
Operators expect more and more than a combination of weaker data and fiscal paralysis will promote political leaders to carefully step on rates or at least avoid greater adjustment.
For Bitcoin, that is read as easier liquidity conditions in advance, with the type of dove bias that has historically accompanied the large upward runs in the general market.
As a neutral observer, $ 125,000 seems to be a magnet and now a battle line.
