Українська
Русский
English
Bitcoin slips near $122K after record highs; U.S. crisis weighs on sentiment
On Thursday, Bitcoin’s price held near $122,000, easing from its record highs earlier this week, as profit-taking and concerns over the prolonged U.S. government shutdown curbed investor appetite for risk.
The world’s largest cryptocurrency last traded 0.1% higher at $121,969.5 as of 1:20 p.m. Moscow time, after fluctuating widely in recent sessions.
On Monday, the token hit a record peak above $126,000, fueled by optimism over continued inflows into U.S.-based Bitcoin exchange-traded funds (ETFs) and so-called “debasement trades.”
U.S. crisis fears dampen risk appetite
The pullback reflected a mix of profit-taking and broader macro uncertainty, as investors turned cautious while the U.S. government shutdown entered its second week.
The stalemate in Washington delayed the release of key economic data and amplified concerns over financial stability.
Meanwhile, minutes from the Federal Reserve’s September meeting showed that a “significant majority” of officials saw room for further rate cuts this year, though some policymakers warned against moving too aggressively amid lingering inflation risks.
The minutes also noted that some participants preferred to keep rates steady until there was clearer evidence of easing price pressures and a more sustained labor market slowdown.
Markets are also awaiting remarks from Fed Chair Jerome Powell, who is scheduled to speak at a Washington conference later on Thursday.
The U.S. dollar index (USD Index) has risen more than 1% this week, rebounding from recent lows as investors sought safe-haven assets.
The stronger dollar challenged the debasement trade narrative — the idea that weakening fiat currencies would boost assets like Bitcoin and gold.
Cryptocurrencies today: most altcoins remain subdued, mirroring Bitcoin
Most altcoins also remained under pressure on Thursday amid macroeconomic concerns.
-
Ethereum, the world’s second-largest cryptocurrency, fell 0.6% to $4,428.24.
-
XRP, the third-largest by market cap, rose 1.2% to $2.82.
-
Solana gained 3%, while Cardano and Polygon were largely unchanged.
-
Among meme tokens, Dogecoin climbed 1.1%, and $TRUMP rose 2%.
See also: "Bitcoin price today: drops to $121K after record highs amid U.S. shutdown concerns"
