Bitcoin Hits $120,000 for First Time Since Reaching Record High

BloombergThursday, October 2, 2025 at 6:49:44 PM
Bitcoin Hits $120,000 for First Time Since Reaching Record High
Bitcoin has surged to $120,000, marking its highest point since reaching a record high seven weeks ago. This rise comes amid growing speculation that the ongoing US government shutdown is prompting investors to seek refuge in safe-haven assets like cryptocurrency. This development is significant as it reflects a shift in market sentiment and highlights Bitcoin's role as a potential hedge during economic uncertainty.
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