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The Bitcoin price is currently seeing a significant increase. BTC is trading above $120,000 again for the first time since August. Concurrently, the crypto market is posting numerous gains. Experts predicted the next price rally for the end of the year. This is why it might actually be happening now.
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Bitcoin Price Rises above $120,000: Market Records Gains
The Bitcoin price is again rising above $120,000. The cryptocurrency last traded in this range on August 14. BTC gained a full 10.60% in the weekly trend. Since yesterday, gains of 1.56% have been recorded. At the editorial deadline, BTC is trading at exactly $120,291.
- Bitcoin
(BTC) - Price $122,470.00
- Market Cap
$2.44 T
In parallel with Bitcoin, the entire crypto market is also rising. Data from CoinMarketCap shows: The crypto market grew by 1.60% over the last 24 hours to $4.14 trillion.
Both in the weekly and daily trends, many of the ten largest cryptocurrencies are achieving immense gains. Solana leads the weekly trend with a 20.37% gain. BNB leads the daily trend with a 5.50% gain.
According to the CMC Fear & Greed Index, the sentiment of crypto investors is currently rising significantly. With 57 out of 100 points, the situation is currently still neutral. On Wednesday, the sentiment was still rated as neutral with a negative tendency at 42 points. Meanwhile, a bullish sentiment seems to be emerging.
This is why a New Crypto Bull Market is Likely to Start in October 2025
It is highly probable that a new crypto bull market is currently starting. For months, several experts have been predicting new gains for the crypto market in the latter half of the year. They are setting high goals. Entrepreneur Arthur Hayes, for example, expects a Bitcoin price of up to $250,000 by the end of the year.
Generally, conditions for the crypto market are improving significantly. Particularly from the US, several new laws and altered regulatory approaches are emerging, which are likely to ensure strong long-term growth for digital assets.
For instance, the US created a groundbreaking stablecoin law named GENIUS. Recently, the SEC, the stock exchange supervisory authority, opened securities exchanges to a flood of crypto ETFs. Usually, such avant-garde measures have an international impact. It is already known that China wants to establish its own stablecoins. Hong Kong has already opened the People’s Republic to ETFs.
In addition, institutional crypto adoption continues to advance rapidly. More and more often, companies are relying on reserves in the form of Bitcoin, Ethereum or other cryptocurrencies. There are therefore enough driving forces to propel the crypto market to new heights.
Government measures are likely what provided the final spark. The USA announced a so-called Government Shutdown the day before yesterday. During this shutdown of the federal administration, government work is reduced to a minimum to save costs.
It is the result of a political dispute. The Republican ruling party could not agree on a budget with the Democratic opposition. Although government work could resume fully today, this is considered very unlikely. The Republicans intend to reach an agreement by November 21. The administrative machinery could be dormant for that long.
This is why Bitcoin and Others Benefit from the Government Crisis
Bitcoin and other cryptocurrencies are considered major beneficiaries of government crises. Since they are not subject to state control, they often serve as an escape for investors. This effect also comes into play during the current US government shutdown.
Analysts at the Kobeissi Letter therefore welcome the US shutdown. In an analysis, the experts explained:
“Historically, the market favors a government shutdown” – this applies to both traditional financial markets and the crypto market.
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Market analyst Arthur Hayes believes that the Bitcoin price of one million dollars is already cemented. Until this value is reached, it is only a matter of time. The background of his analysis is the planned devaluation of the US dollar under the Trump administration. Additionally, inflation and new regulatory work by the FED contribute to strengthening crypto.
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