The BTC hit a new all-time high of $125,500 on Sunday despite ongoing US government shutdowns.
Crypto Markets increased the new week by 2%, bringing its total market capitalization to close to $4.4 trillion for the first time.
Bitcoin (BTC) rose 1.7% in a day, slightly retreating from the new all-time high of $125,506 on Sunday, while Ethereum (ETH) rose to 3%, extending its weekly profit to 11%, according to Coingecko data.
Of the top 10 altcoins by market capitalization, BNB is the biggest everyday winner with a surge of 5%, pushing tokens to a new all-time high of $1,220. XRP rose 1% to $3.03, while Solana (Sol) rose 2% to $235.
Of the top 100 digital assets, ZCASH (ZEC) was the biggest daily acquirer, extending last week’s rally and recording the steepest loss with Pudgy Penguins (Pengu) falling 4.9%.
In a rebellious commentary from Emile Ibrahim, an analyst at Melbourne-based crypto trading company Zero Cup, he said that Bitcoin’s new high is “supported by a combination of macro tails and structural demand.”
“The ongoing US government closure has strengthened the appeal of Bitcoin’s ‘digital gold’ amid policy paralysis and softer dollars,” Ibrahim said.
Farzam Ehsani, CEO and co-founder of South Africa’s crypto exchange Valr, told the rebels that political vulnerability, increased institutional exposure, weak dollars, favorable liquidity and seasonal conditions were “all points towards a higher level of BTC testing in Q4.”
“If these forces remain aligned and fresh macro or geopolitical headwinds don’t derail, Bitcoin could run to $140,000 in the fourth quarter, ranging from $130,000 to $135,000 in the fourth quarter, to $140,000 by the first quarter of 2026,” Ehsani explained.
GlassNode analysts noted in an X post Monday that Bitcoin spot market volume has recovered. From now on, sustainable activities will be “important. Continuous strength will support market depth and fade volumes could show momentum in decline, analysts added.
A Keyrock analyst said in a market overview of this week’s rebounds at Altcoins this week, “October seasonal tailwinds and potential ETF-related influx will come as supportive drivers.”
Liquidation, ETFs, and macros
Leveraged positions over $233 million have been settled over the past 24 hours, according to Coinglas. BTC led the wipeout, with over $41.6 million liquidation, with ETH at $40.7 million and other Altcoins totaling nearly $32 million.
Last week, Spot ETH ETFS recorded its fourth-largest weekly inflow, with over $1.3 billion inflows, according to SosoValue. Meanwhile, the Spot Bitcoin ETF has raised over $3.24 billion, the second largest in history, the Weekly Way.
Coinshares’ research director at James Butterfill wrote in Monday’s update, Coinshares’ research director attracted a total of $5.95 billion.
The big macro story of the present is the government closure and the data gap it is causing. Agency such as the Bureau of Labor Statistics, Census Bureau and BEA have said they will suspend collection and publication of economic data until funds recover, Reuters reported.