Key Notes

Bitcoin reached a new record price of $125,559.

The global crypto market cap touched a new ATH of over $4.26 trillion.

Long-term holders have been selling Bitcoin since mid-June.

The volatile crypto market has been rising alongside gold, which is a preferred investment choice in times of uncertainty, with Bitcoin ( BTC ) reaching a new all-time high.

The US government shutdown triggered a shift from the US dollar to safe-haven assets, such as gold and Bitcoin, as investors anticipated a declining USD value.

Gold reached a record high of $3,897 per ounce on Oct. 2. Similarly, Bitcoin broke to a new ATH of $125,559 early on Oct. 5, with a market cap of almost $2.5 trillion.

Bitcoin currently has a 58.5% market dominance over the sector’s $4.26 trillion market capitaliz

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