Bitcoin approaches all-time high, ETF inflows surge

Bitcoin edged close to record highs, crossing $123,874 in early October, fueled by strong ETF inflows of $3.24 billion last week and increased demand for safe-haven assets amid the US government shutdown. Investor confidence in crypto grew as Ethereum, Solana, and XRP also rallied, reflecting broader market participation. Traders are watching sentiment carefully, noting that heightened activity in digital assets is being driven both by institutional inflows and retail enthusiasm, signaling renewed momentum in the cryptocurrency space.