{"301de46e97a56f2ef76a00e180f32c6c":"Bitcoin (BTC) rose to $126,223 on Monday, marking another record as the U.S. shutdown, softer dollar, and surging ETF inflows converged to tighten supply and extend the rally. ","fc2013647e6783f583755724025fe9be":"As of writing, the cryptocurrency traded near $124,000, building on a 15% weekly gain that has pulled majors higher across the board.","cb0c702a116a7cb9f76642c578358f8e":"Elsewhere, bitcoin has broken records in euro and Swiss franc terms, crossing EUR 106,000 and CHF 99,600, as well in Japan. The Asian nation's new prime minister is signaling a return to Abenomics-style easing, which plays directly into the market\u2019s narrative of easier liquidity conditions ahead, as CoinDesk\u2019s Omkar Godbole noted on Monday.","9e60c13558ec231f47782a7e64a156e2":"The broader market picked up a bid, following bitcoin's lead. Ether surged 4% to $4,700, its highest in three weeks, with traders eyeing the $4,800\u2013$5,000 range if momentum holds.","57b55c4d5816c37038c0ea0a1396597b":"BNB continues to be the outlier, up more than 20% in the past week and setting fresh records above $1,240, a move that highlights rotation into ecosystem names when the base asset has a bid. Dogecoin gained 6% to $0.26, XRP ticked higher to nearly $3, and Solana has added over 12% in the past seven days.","88844cd19f03aec814ac19f0c5bac495":"The breadth of this rally is noteworthy. The total crypto market capitalization rose to $4.27 trillion before easing slightly to $4.24 trillion. The sentiment index stands at 71 (greed), close to levels last seen in August but still short of euphoria. That leaves room for extension without the signs of a blow-off top.","290ea514b64dec6e315f38b2b7e60fd7":"ETF-led rally","03697877ed41148cfdbf3ec181071c33":"BTC's move to record highs wasn\u2019t a leverage-led spike. Weekly spot ETF inflows crossed $3.2 billion, the highest since November 2024 and second-largest on record, pushing total allocations since January to more than $60 billion, according to data source SoSoValue. ","8e66064f8f23714cbae96b9d967a892a":"This ETF-driven demand is echoed by some analysts.","1e4d6bdba033b7e053d874945cef20f1":"\u201cBitcoin\u2019s climb above $124,000, fueled by $3.2 billion in spot ETF inflows, underscores deepening institutional conviction and a maturing market narrative,\u201d said Ryan Lee, chief analyst at Bitget, in a note to CoinDesk.","1709d54ba8b17d57e7115277447983f6":"Meanwhile, FxPro\u2019s Alex Kuptsikevich warned that long-term holders have been active sellers around these levels since July, meaning supply is waiting if demand falters.","6f0ca020db502e02c9d2c4bfd7b0aad1":"BTC's exchange balances have fallen to a six-year low of 2.83 million BTC, with 170,000 withdrawn in the past month, signaling coins moving off exchanges and into longer-term storage. It\u2019s that combination of steady ETF buying and shrinking supply that seemingly underpins this move.","3515d462d9278abd6edd771f6e1603bb":"Lingering political uncertainty","d9f4385ea2196f17043127e991b86c13":"The U.S. government shutdown is entering its second week, stalling key economic releases and creating uncertainty about fiscal direction as investors seek clarity on growth.","840383e640132cbe268dbf9f262b6d6b":"Similar shutdowns have historically nudged capital toward hard assets, such as gold and bitcoin, reflecting concerns about political stability and its impact on fiat or equity markets.","76f380b1603dc3c05fc273fa26c8a4f9":"In 2013, BTC nearly doubled through October as Washington gridlock persisted, while gold added more than 3% during the same period. The 2018\u201319 closure was different \u2014 bitcoin slipped about 10% over five weeks while gold barely moved. The latest record high suggests that the market is following the 2013 pattern.","d79dc4bc4bde4bf29a26b6475c04f57e":"At the same time, the dollar has softened, removing a headwind for dollar-denominated assets, and bond markets are starting to price a more cautious Federal Reserve.","014cf25a29ca594842f61dcbc9bc043e":"Traders increasingly expect that a combination of weaker data prints and fiscal paralysis will prompt policymakers to tread carefully on rates or at least avoid further tightening.","f7c29fb316d4df994216b390cbf8f5b3":"For bitcoin, that reads as easier liquidity conditions ahead, with the kind of dovish bias that has historically accompanied major upside runs in the overall market.","4f39283193a2f78cba9aaf625316dbbf":"As a neutral observer, $125,000 looks to be a magnet and now a battle line."}