Bitcoin Hits $125K Amid US Shutdown, Safe-Haven Rush

Bitcoin surged to $125,689 over the weekend, marking its highest level since mid-August, as a US government shutdown pushed investors toward safe-haven assets. By Monday morning in Singapore, the largest cryptocurrency hovered around $124,000, remaining close to its all-time peak.

The shutdown, which disrupted the release of key economic data such as nonfarm payroll figures from the Bureau of Labor Statistics, has intensified investor appetite for assets perceived as stable during uncertainty. Gold followed a similar path, climbing past $3,900 on Monday to extend a months-long rally.

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Traders noted that Bitcoin faces resistance around $135,000, with the possibility of reaching $150,000 if upward momentum continues. Yet analysts caution that rising leverage could amplify volatility, leading to sharp reversals. Options markets show a bullish tilt, with more than 60% of open positions in call options, signaling strong conviction among investors while also highlighting potential risk.

Meanwhile, other major digital assets showed mixed performance. Ether remained relatively steady at $4,522, while XRP hovered just below $3, reflecting calmer market activity compared with Bitcoin’s sharp gains.