The Bitcoin price has shattered previous records by surging past $126,000, marking a new all-time high this Monday. This milestone has been attributed to the cyclical phenomenon known as “Uptober,” a term coined by analysts to describe October’s historical trend of strong price performance during Halving years.

Bitcoin Price Surge Linked To ‘Safe-Haven Demand’

The rise in Bitcoin and broader crypto prices coincided with the US government shutdown that commenced on October 1. This has fueled greater demand for assets perceived as safe havens, as investors seek stability amidst growing political uncertainty in the United States.

Further contributing to the Bitcoin price surge, recent data from Bloomberg highlights that investors have injected approximately $3.2 billion into a group of 12

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