Bitcoin just broke the $125K ATH this Sunday, trading at $125,376.68 on CoinMarketCap for a short period before contracting slightly.

However, momentum didn’t wear off. Bitcoin is still hovering around $124K, which suggests consolidation before the next push. The main catalysts? Trump’s recent government shutdown is the most impactful, causing fear and uncertainty due to suspending government services and putting around 40% of the federal workforce on unpaid leave.

In turn, this increased the likelihood of another tax rate cut at the next FOMC meeting planned for end-October. FedWatch puts the odds of a favorable decision at 95% , up from 89% on September 29, before the governmental shutdown.

Furthermore, the government uncertainty and chaos is weakening the US dollar and worries i

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