Bitcoin Market Cap Surges to $2.49 Trillion Despite US Government Shutdown
Bitcoin, the world's most popular cryptocurrency, has seen its market capitalization surge to $2.49 trillion. This comes amidst a partial US government shutdown, which began on October 1 due to a budget dispute led by Republican Speaker of the House Mike Johnson.
The shutdown has led to the suspension of economic data publications and scientific research, potentially impacting the cryptocurrency market. Despite this, bitcoin's price has reached new heights. At 7:50 AM Moscow time, the price soared to $125,300, surpassing its previous record of $124,500 set on October 3.
Throughout the morning, the price fluctuated significantly. By 9:20 AM, it fell below $125,000, only to rise again five minutes later to $125,450. As of 10:25 AM, the growth had slowed to $124,900, indicating a 2% increase from the previous day's close.
With 19.93 million BTC in circulation and a daily trading volume of $55.28 billion, bitcoin's market capitalization now stands at $2.49 trillion. Despite the US government shutdown, the cryptocurrency continues to make significant strides, setting new records and demonstrating its resilience in the face of political uncertainty.
