Bitcoin Hits $120,000 Amid US Government Shutdown Fears

On October 2, 2025, Bitcoin once again crossed the significant price milestone of $120,000, reaffirming its position as a leading asset in times of economic uncertainty. This marks the first time Bitcoin has reached this price since it set its previous record high seven weeks earlier.

Market observers have noted that rising speculation about a potential US government shutdown has driven many investors towards safer assets. Bitcoin, often praised by its supporters as "digital gold," has attracted increased attention as a reliable store of value during periods of market turmoil and geopolitical concerns.

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