Morning Minute: Bitcoin Makes Smashing New ATH Over $125k

Core Insights - Bitcoin has reached a new all-time high (ATH) above $125,600, indicating strong market momentum and potential for further growth [1][2] - Significant inflows into spot Bitcoin ETFs, totaling approximately $3.2 billion last week, have contributed to this price surge, marking the second-best inflow week on record [2][6] - Macroeconomic factors, including a government shutdown, have prompted financial advisors to consider Bitcoin as a viable investment, with Morgan Stanley allowing brokers to solicit spot Bitcoin ETFs for clients [2][3] Market Dynamics - The increase in Bitcoin's price is attributed to a combination of inflows into ETFs and rising futures open interest, suggesting heightened investor interest [2] - Wealth advisors managing around $2 trillion in assets are now recommending Bitcoin allocations of 0-4%, reflecting a shift in investment strategy towards digital assets [3] - The prevailing sentiment in the market is focused on "debasement," with analysts suggesting that current economic conditions favor Bitcoin as a hedge against currency devaluation [5][6] Industry Reactions - Major financial institutions, including Goldman Sachs, are framing the current economic landscape as one of debasement, which they believe will drive more investors towards Bitcoin [5] - Other cryptocurrencies are also experiencing upward momentum, with BNB reaching a new ATH of $1,220 and various projects like ASTER gaining traction [5] - The overall sentiment in the crypto market remains positive, with expectations of continued interest and investment in Bitcoin and related assets [6]