{"id":60407,"date":"2025-10-01T16:52:32","date_gmt":"2025-10-01T16:52:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-targets-120k-amid-us-government-shutdown\/"},"modified":"2025-10-01T16:52:32","modified_gmt":"2025-10-01T16:52:32","slug":"bitcoin-targets-120k-amid-us-government-shutdown","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-targets-120k-amid-us-government-shutdown\/","title":{"rendered":"Bitcoin targets $120k amid US government shutdown"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price is targeting a fresh rally to the $120,000 mark.<\/li>\n<li>The US government\u2019s partial shutdown has seen BTC price break the key level of $117,000.<\/li>\n<li>Flight to safe-haven assets, and market bets on Federal Reserve interest cuts could fuel bulls\u2019 ambitions.<\/li>\n<\/ul>\n<p>Bitcoin price surged more than 3% as the United States federal government entered a partial shutdown on Wednesday, with BTC breaking above $117,000 for the first time in weeks.<\/p>\n<p>Amid a spike in safe-haven assets like gold, investors looking for a different hedge against political and economic uncertainty flocked to Bitcoin.<\/p>\n<p>The gains leave the benchmark asset on the verge of another uptick to the $120,000 level.<\/p>\n<h2>Bitcoin jumps above $117k amid 3% spike<\/h2>\n<p>Bitcoin\u2019s price climbed sharply in early trading on Wednesday, <a href=\"https:\/\/coinjournal.net\/news\/bitcoins-rare-september-gains-defy-history-data-predicts-a-50-q4-rally-to-170000-dollars\/\">breaking through the $117,000 mark<\/a> for the first time since mid-September.<\/p>\n<p>Fueled by a 3% intraday gain, BTC bulls shot to highs of $117,400 amid a rapid ascent that also boosted top altcoins like Ethereum and Solana.<\/p>\n<figure id=\"attachment_339345\" aria-describedby=\"caption-attachment-339345\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-339345\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/BTC_1M_graph_coinmarketcap.png\" alt=\"\" width=\"1200\" height=\"800\"\/><figcaption id=\"caption-attachment-339345\" class=\"wp-caption-text\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price chart<\/a> by CoinMarketCap<\/figcaption><\/figure>\n<p>While institutional inflows into spot Bitcoin exchange-traded funds and treasury company moves have provided steady support amid broader market jitters, the latest gains align with fresh moves for safe-haven assets.<\/p>\n<h2>US government shutdown catalyst<\/h2>\n<p>Technical resilience and the prevailing market conditions have analysts predicting further traction for BTC price.<\/p>\n<p>Notably, the gains in the past 24 hours have brought Bitcoin\u2019s value just 6% below its all-time high of $124,457 reached on August 14, 2025.<\/p>\n<p>A huge catalyst for the uptick looks to be the market\u2019s reaction to the US government shutdown.<\/p>\n<p>On September 30, Congressional leaders and US President Donald Trump failed to strike a deal on continued government funding.<\/p>\n<p>With the deadline passed, a partial shutdown kicked in, with stocks reacting lower and gold rallying to a new all-time high.<\/p>\n<p>The flight-to-safety dynamics, which also align with a significant dip for the US dollar index, propelled gold\u2019s rally.<\/p>\n<p>Bitcoin, attracting investors as a safe haven asset, is also up and could target the psychological $120k level.<\/p>\n<p>As investors react to the shutdown, and impact of potential delays to the release of key economic data, including the September jobs report, BTC stands poised to benefit.<\/p>\n<p>Ostensibly, gold\u2019s rally has pushed its spot prices to a new peak above $3,890 per ounce.<\/p>\n<p>BTC\u2019s own upside could accelerate as the market assesses the shutdown.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 GOLD JUST HIT NEW ATH<\/p>\n<p>Liquidity will migrate into <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> now<\/p>\n<p>History of 2021 and 2017 is repeating<\/p>\n<p>Get ready for PARABOLIC pump <a href=\"https:\/\/t.co\/i3zGvFllWO\">pic.twitter.com\/i3zGvFllWO<\/a><\/p>\n<p>\u2014 \u1d1b\u0280\u1d00\u1d04\u1d07\u0280 (@DeFiTracer) <a href=\"https:\/\/twitter.com\/DeFiTracer\/status\/1973363856379654608?ref_src=twsrc%5Etfw\">October 1, 2025<\/a><\/p>\n<\/blockquote>\n<h3>What else could help Bitcoin price?<\/h3>\n<p>ADP private payrolls data, which showed a 32,000 job loss in September, has fueled expectations of a Federal Reserve cut.<\/p>\n<p>The US central bank cut its interest rate in September, and bets for another cut on October 29 have gotten investors excited.<\/p>\n<p>Lower rates have often been a bullish marker for risk assets, and signs for \u201cUptober\u201d persist after Bitcoin showed gains in 10 of the past 12 October months.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-targets-120k-amid-us-government-shutdown\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price is targeting a fresh rally to the $120,000 mark. The US government\u2019s partial shutdown has seen BTC price break the key level of $117,000. Flight to safe-haven assets, and market bets on Federal Reserve interest cuts could fuel bulls\u2019 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":60408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60407"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=60407"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/60408"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=60407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=60407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=60407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}