Bitcoin Surges to a Record High of $125,000 Amid US Government Shutdown

Jakarta, Pintu News – Bitcoin (BTC) managed to set a new record high price at the end of last week, prompting analysts to predict the resumption of an accumulation phase that could potentially trigger a rally to $150,000 before the end of the year.

According to Cointelegraph’s report on Sunday (5/10/25), Bitcoin’s price broke through the $125,700 level, while its market capitalization briefly crossed the $2.5 trillion threshold – for the first time in the history of the crypto market.

Bitcoin Sets New Record High, Analysts Predict Rally to $150,000

This rise was driven by various macroeconomic factors, including the US government shutdown – the first since 2018. Some analysts believe this reaffirms Bitcoin’s role as a store of value amid political and economic instability.

Read also: 10 Cryptos Likely to Rise in 2026: Projections in the World of Digital Investment

According to Fabian Dori, Chief Investment Officer at Sygnum Bank, similar conditions in the past have often triggered “important price milestones” for Bitcoin. He added that the current US government shutdown has “reinvigorated the discussion about Bitcoin’s role as a store of value, amid political dysfunction that makes decentralized assets more attractive.”

Dori also explained that the current macro situation – with loose liquidity, accelerating service-based business cycles, and a narrowing performance gap between cryptocurrencies, stocks, and gold – has further attracted investor interest in digital assets.

However, the shutdown ‘s positive effect on the crypto market still depends on how it affects the Federal Reserve’s (Fed) view on interest rate policy, according to Jake Kennis, senior research analyst at Nansen.

“Crypto markets could benefit if the shutdown resolution reduces uncertainty and encourages the Fed to take a more dovish stance,” Kennis explained.

While some analysts think the shutdown could mark a market bottom, Kennis thinks it’s too early to tell.

“It’s too soon to call this the bottom of the local market,” he said, adding that confirmation could only come if prices are able to hold steady above important support levels for a few weeks.

Bitcoin Enters a New Accumulation Phase

Some analysts see Bitcoin’s recent price growth as a sign of the start of a new accumulation phase by large entities, as on-chain data shows a decrease in selling pressure from whales.

“Market data suggests that the current price movement is likely related to an accumulation phase,” said Fabian Dori, Chief Investment Officer at Sygnum Bank.

He added, “Selling pressure from long-term investors appears to be easing, while short-term investors are showing signs of stabilization after a period of realized losses.”

Read also: 3 Crypto Assets Most Prone to Short Squeezes

According to Dori, this period of decreased speculative activity and consolidation of more stable positions has historically often been the beginning of Bitcoin’s next big rally.

On the other hand, data from Glassnode shows that Bitcoin open interest fell sharply after the expiration of options contracts last week, potentially setting the stage for a strong move in the fourth quarter of this year.

The decline in speculative activity may be drawing investors’ attention back to Bitcoin. This reinforces the predictions of a number of analysts, including Charles Edwards, who told Cointelegraph at the Token2049 event that if this momentum continues and the price of BTC is able to stay above the psychological level of $120,000, then the potential for a rally to $150,000 in the fourth quarter of 2025 is wide open.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin rally to $125K fueled by US gov’t shutdown, macro factors: Analysts. Accessed on October 5, 2025