{"id":2001,"date":"2025-10-04T13:35:39","date_gmt":"2025-10-04T13:35:39","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/bitcoin-rallies-to-within-1-of-all-time-high-gaining-safe-haven-status-during-shutdown\/"},"modified":"2025-10-11T12:53:40","modified_gmt":"2025-10-11T12:53:40","slug":"bitcoin-rallies-to-within-1-of-all-time-high-gaining-safe-haven-status-during-shutdown","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/bitcoin-rallies-to-within-1-of-all-time-high-gaining-safe-haven-status-during-shutdown\/","title":{"rendered":"Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108207735\">\n<div id=\"Placeholder-ArticleBody-Video-108207735\" class=\"PlaceHolder-wrapper\" tabindex=\"0\" role=\"button\" data-vilynx-id=\"7000391022\" data-test=\"VideoPlaceHolder\">\n<div id=\"InlineVideo-0\" class=\"InlineVideo-videoEmbed\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span id=\"RegularArticle-QuoteInBody-1\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\">Bitcoin<span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><\/button><\/span><\/span> rallied on Friday to within striking distance of its record high as the U.S. government&#8217;s shutdown entered its third day.<\/p>\n<p>The world&#8217;s oldest cryptocurrency is trading up roughly 2% on the day at $123,874. That&#8217;s about 1% below its all-time high price of just north of $124,000, which it reached in mid-August.<\/p>\n<p>Investors are flocking to the decentralized asset after U.S. lawmakers failed to strike a deal on federal funding, forcing the U.S. government to shut down on Wednesday. Bitcoin surged 12% this week alone.<\/p>\n<p>&#8220;The shutdown matters this time around,&#8221; wrote Standard Chartered&#8217;s Geoff Kendrick. &#8220;During the previous Trump shutdown (22 Dec 2018 to 25 Jan 2019) Bitcoin was in a different place than now, so it did little.&#8221;<\/p>\n<p>&#8220;However, this year bitcoin has traded with &#8216;US government risks&#8217; as best shown by its relationship to US treasury term premium,&#8221; added Kendrick.<\/p>\n<p>Standard Chartered expects a new high soon and ultimately the crypto hitting $135,000 after that.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" tabindex=\"0\" role=\"button\">Stock chart icon<\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" class=\"Collapsible-dismissButton\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" alt=\"hide content\" title=\"\"><\/div>\n<\/div>\n<p><iframe style=\"border: 0; width: 100%;\" title=\"Bitcoin, YTD\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=BTC.CM%3D&amp;range=YTD&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\"><\/iframe><\/p>\n<p>Bitcoin, YTD<\/p>\n<\/div>\n<div class=\"group\">\n<p>Traders are turning to crypto and other assets to hedge against mounting political and economic tensions. Spot gold\u00a0rose 0.5% to $3,876.55 per ounce on early Friday, with prices gaining more than 2% this week.<\/p>\n<p>Traders also poured some money into stocks on Friday, despite the increasing geopolitical uncertainties. The S&amp;P 500 and Nasdaq Composite also rose 0.5% and 0.27% on the day, respectively.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rallied on Friday to within striking distance of its record high as the U.S. government&#8217;s shutdown entered its third day. The world&#8217;s oldest cryptocurrency is trading up roughly 2% on the day at $123,874. That&#8217;s about 1% below its all-time high price of just north of $124,000, which it reached in mid-August. Investors are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[945,256,239,464,944,946,948,947],"class_list":["post-2001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-alltime","tag-bitcoin","tag-gaining","tag-high","tag-rallies","tag-safehaven","tag-shutdown","tag-status"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/2001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=2001"}],"version-history":[{"count":1,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/2001\/revisions"}],"predecessor-version":[{"id":2041,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/2001\/revisions\/2041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/2002"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=2001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=2001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=2001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}