Bitcoin Magazine Bitcoin Price Pulls Back from Record High to $122,000 Range, Momentum Remains Strong

Bitcoin slipped today, retreating from a record high as the U.S. government shutdown entered its seventh day. Bitcoin edged down to the $121,000 range, and remains below Monday’s all-time peak of $126,296, per Bitbio data.

Despite the minor pullback, Bitcoin has surged roughly 30% since the start of the year and is up about 9% over the past week.

Gold, meanwhile, continued its historic rally, briefly topping $4,000 per ounce overnight, with futures trading at $3,980 early Tuesday, reflecting a 50% gain for the year.

At the time of writing, bitcoin is trading at $122,096.

Markets appear largely unfazed by the shutdown, even after the Senate failed to pass a Republican bill on Monday to

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