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Bitcoin's price is at record highs. Is it sustainable?
The world's biggest cryptocurrency has doubled in value over the past 12 months - buoyed by Donald Trump's return to the White House. However, its 10% surge over the past week is down to one specific factor: the US government shutdown. Experts have told Sky News that the drama unfolding in Washington is undermining trust in the dollar - and pushing investors to alternatives. Bitwise senior associate Max Shannon said stubbornly high inflation, which erodes spending power, is another factor. Some countries are also increasing their monetary supply - watering down the value of cash in circulation - with government ... (full story)
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From channelnewsasia.com | Oct 6, 2025
Bitcoin hit a new record high on Monday as the world's largest cryptocurrency by market value continued to benefit from strong investor demand. The rally since the start of the year has been fueled by institutional investors, friendlier policies under U.S. President Donald Trump, and a bitcoin's increasing connection with global financial systems. Bitcoin ...
From finance.yahoo.com | Oct 6, 2025
Bitcoin set a fresh record on Sunday for the first time since mid-August, as the US government shutdown drove investors to safe-haven assets in a migration dubbed the “debasement trade.” The largest digital asset climbed to $125,689 over the weekend, according to data compiled by Bloomberg. It remained in touching distance of its all-time high on Monday in ...
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