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Bitcoin traded mostly steady on Tuesday, holding close to all-time highs after a surge past $126,000<\/strong>, supported by strong institutional inflows, safe-haven rotation during the prolonged U.S. government shutdown<\/strong>, and seasonal optimism often dubbed \u201cUptober.\u201d<\/strong><\/p>\n\n\n\n As of 02:05 ET (06:05 GMT)<\/strong>, Bitcoin (BTC)<\/strong> rose 0.4% to $124,427.9<\/strong>, after touching a record high of $126,186.0<\/strong> on Monday. The world\u2019s largest cryptocurrency has gained over 10% in the past week<\/strong> and more than 30% year-to-date<\/strong> in 2025.<\/p>\n\n\n\n Data from SoSoValue<\/strong> showed U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $3.2 billion<\/strong> in net inflows during the week ending October 3 \u2014 the second-largest weekly total since their launch<\/strong> earlier this year. Daily inflows on October 3 alone reached nearly $1 billion<\/strong>, underscoring robust institutional demand.<\/p>\n\n\n\n The persistent inflows reflect a preference among large investors to gain exposure through regulated ETFs rather than holding Bitcoin directly, helping sustain bullish market momentum.<\/p>\n\n\n\n Meanwhile, the ongoing U.S. government shutdown<\/strong>, now in its second week, has disrupted key economic data releases and clouded fiscal policy visibility. This uncertainty has strengthened demand for alternative assets, with investors rotating capital into Bitcoin and gold \u2014 a trend often referred to as a \u201cdebasement trade,\u201d<\/strong> signaling hedging behavior against potential inflation and currency weakness.<\/p>\n\n\n\n Bitcoin\u2019s performance also aligns with its historical October rally<\/strong>, nicknamed \u201cUptober,\u201d a month that has traditionally delivered some of the strongest returns for cryptocurrencies. The combination of seasonal optimism, easing rate expectations, and strong ETF inflows has driven momentum in the digital asset market.<\/p>\n\n\n\n However, profit-taking emerged following Monday\u2019s record highs, moderating gains as traders locked in short-term profits.<\/p>\n\n\n\n Crypto financial services firm Galaxy Digital (TSX: GLXY)<\/strong> unveiled GalaxyOne<\/strong>, a new commission-free trading platform offering access to stocks, ETFs, and cryptocurrencies<\/strong>, directly challenging Robinhood (NASDAQ: HOOD)<\/strong>. The announcement pushed Galaxy shares up 7%<\/strong> on Monday, while Robinhood shares slipped 3%<\/strong>.<\/p>\n\n\n\n The launch underscores the growing convergence between traditional finance and crypto, as fintech firms race to offer multi-asset digital trading experiences.<\/p>\n\n\n\n Broader crypto markets followed Bitcoin\u2019s lead, with Ethereum (ETH)<\/strong> jumping 4.1%<\/strong> to $4,712.75<\/strong>, while XRP<\/strong> gained 0.5%<\/strong> to $2.99<\/strong>.<\/p>\n\n\n\n Other major tokens saw moderate gains: Solana<\/strong> rose slightly, Cardano<\/strong> and Polygon<\/strong> added 3.5%<\/strong> each, and meme token Dogecoin<\/strong> climbed 5%<\/strong>, while $TRUMP<\/strong> gained 2%<\/strong>.<\/p>\n\n\n\n Despite near-term consolidation, analysts say sentiment remains broadly bullish, with institutional inflows, macro uncertainty, and seasonal trends<\/strong> continuing to favor risk assets in the digital currency space.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin traded mostly steady on Tuesday, holding close to all-time highs after a surge past $126,000, supported by strong institutional inflows, safe-haven rotation during the prolonged U.S. government shutdown, and seasonal optimism often dubbed \u201cUptober.\u201d As of 02:05 ET (06:05 GMT), Bitcoin (BTC) rose 0.4% to $124,427.9, after touching a record high of $126,186.0 on …<\/p>\n","protected":false},"author":9,"featured_media":98301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[],"class_list":["post-119646","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119646"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119646\/revisions"}],"predecessor-version":[{"id":119647,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119646\/revisions\/119647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETF Inflows and \u2018Debasement Trades\u2019 Drive Momentum<\/h3>\n\n\n\n
Seasonal \u201cUptober\u201d Rally<\/h3>\n\n\n\n
Galaxy Digital Challenges Robinhood<\/h3>\n\n\n\n
Altcoins Extend Gains<\/h3>\n\n\n\n