Bitcoin hits new record above $125,000 as investors look past government shutdown: CNBC Crypto World

Market Trends & Bitcoin Performance - Bitcoin reached a new all-time high of approximately $125,700 [2], trading at $125,000 as of noon Eastern [2] - The cryptocurrency's previous record was at the $124,000 level, reached in August of this year [2] - Ether climbed around 3% as of midday and Salana rose nearly 2.5% to nearly $236 [2] - Major cryptocurrencies have been on the rise since Friday, supported by recent gains in US stocks and inflows in Bitcoin ETFs [3] - Historically, Q4 has shown median returns of about 50% for Bitcoin in the past 10 years [15] Company & Product Launches - Galaxy Digital launched a new trading platform called Galaxy 1, shares of Galaxy jumped about 7 and a half percent [4][6] - Grayscale announced staking for its Ether and Salana investment products, making it the first to offer staking through US-listed spot crypto ETPs [6] Market Analysis & Drivers - The rally is considered a broad-based rally rather than a speculative spike, with a positive macro backdrop [9] - Macro factors driving the rally include falling yields, improved liquidity, low volatility, and the Fed's easing cycle [10] - Over 60 corporations now hold Bitcoin in their treasuries [12][21] - Market is hopeful about the Fed cutting rates by five times by the end of 2026 [12] - Institutional participation legitimizes the asset class and decreases volatility [21]