Bitcoin Price Prediction: BTC Soars Toward $119k Despite US Government Shutdown As Uptober Rally Ignites
The Bitcoin price surged 3.5% in the past 24 hours to trade at $118,329 as of 3:36 a.m. EST as an ”Uptober” rally appeared to ignite despite the US government shutdown. The shut down began at At 12:01 a.m. EST on Wednesday after lawmakers in Congress failed to pass a new funding bill. Markets shrugged that off , with the crypto market overall recording a 4% surge to a $4.1 trillion market capitalization. BTC is now surging towards the $119,000 level as it lifts the broader digital asset market higher as October’s long-anticipated rally, often dubbed “Uptober,” took hold. “Bitcoin is trying to break out from its Monthly Range already on the first day of the new month of October,” popular trader and analyst Rekt Capital, with more than 559k followers, said on X. #BTC Bitcoin is trying to breakout from its Monthly Range already on the first day of the new month of October$BTC #Crypto #Bitcoin pic.twitter.com/nDT0gbdlvn — Rekt Capital ...