Bitcoin breaks the record of all time. Investors in euphoria

The most popular cryptocurrency reached the highest value in history, piercing 125 thousand. dollars for Coin – says “Business Insider Polska”, citing the Bloomberg agency. This is a historic sensation. Experts warn that such a level of euphoria often ends with a short correction before the market moves further.

American “shutdown” drives the value of bitcoin

According to analysts, the cause is largely the American “Shutdown”. As Bloomberg indicates, instability in the US economy means that investors are looking for alternative “safe assets”, including cryptocurrencies. Bitcoin, whose value was broken by the previous record set on August 14.

– Many assets, including shares, gold, and even collector’s items such as Pokemon cards, achieve record levels. It is not a surprise that Bitcoin uses the narrative about the devaluation of the dollar, “says Joshua Lim, the Market Director at Falconx, dealing with cryptocurrency brokering in Bloomberg.

Bitcoin record and market correction possible

The previous Bitcoin record was 124 thousand. hole. And he was supported by the friendly regulations of Donald Trump’s administration and the strong demand of institutional investors. According to Cryptoquant data, as much as 99.3 percent Today, all coins in circulation have a higher value than the purchase price. Experts emphasize that the short -term correction would be natural and healthy for the market – it would allow investors to catch their breath after months of growth and prepare the ground for another bull market wave.

Bitcoin – sales pressure and market moods

When almost everyone earns, some investors decide to make profits, which generates short -term sales pressure.

“Despite the growing profits, the market behaves relatively calmly. The Fear & Greed index shows the level of 74 points, i.e. the” greed “zone, but still far from the euphoria known from November last year. At that time, the index reached 94 ” – notes Bithub.

“Shutdown” in the USA

We would like to remind you that the American government suspended its activities from the night of September 30 to October 1, after the Senate rejected the project of a year and a half budget provisional prepared by Republicans and previously voted in the House of Representatives. From now on, the federal government operates in a limited mode until the new budget or makeshift is adopted – but for now it is not known how long this paralysis will last. This is the first “Shutdown” in the USA for seven years and another evidence into a deep division between Republicans and Democrats.