Bitcoin suddenly has record high back in sight as crypto 'Uptober' starts with a bang

Group 1 - Bitcoin (BTC) surged above $122,000, driven by investor interest amid US government shutdown uncertainty and seasonal trends [1] - October is historically Bitcoin's strongest month, with gains in 10 of the past 12 years, leading to the term "Uptober" in crypto markets [2] - Bitcoin closed September 4% higher, setting a higher expectation for October gains, despite recent volatility [3] Group 2 - The Treasury General Account remains well-funded, reducing concerns about liquidity being redirected from crypto to bonds [4] - Stablecoin adoption is expected to drive the next wave of crypto growth, with a significant increase in the supply of USDC, rising 19% quarter over quarter to $73.6 billion [5] - The demand for Circle's USDC is diversified across blockchains, with 62% on Ethereum, 14% on Solana, and 8% on Hyperliquid [6]