The post Bitcoin Extends ATH Rally as Market Prices In Three-Week U.S. Government Shutdown appeared on BitcoinEthereumNews.com. Bitcoin has reached a new all-time high (ATH), extending its current rally, which began at the start of October. This comes as market participants price in an extended U.S. government shutdown, which could last up to three weeks. Bitcoin Reaches New ATH As U.S. Government Shutdown Persists TradingView data shows that the flagship crypto has reached a new all-time high, trading above its previous ATH of $125,500, which it set yesterday. BTC is currently trading at around $126,000, up over 2% in the last 24 hours. Source: TradingView; Bitcoin Daily Chart The Bitcoin rally to a new ATH comes as market participants price in an extended U.S. government shutdown. Polymarket data shows that there is currently a 72% chance that the shutdown will end by October 15 or later. Source: Polymarket The U.S. government shutdown began on October 1, which coincided with the BTC price‘s surge from around $114,000. The flagship crypto is up almost 10% since the start of this month. Investors are believed to be piling into Bitcoin as a safe-haven asset in what is now known as the ‘debasement trade’ to hedge against the current economic uncertainty. Notably, the shutdown has withheld key economic data releases, which has also had investors on edge. As CoinGape reported, thanks to this debasement trade, the Bitcoin ETFs recorded their second-largest weekly inflows last week, taking in $3.24 billion. This marked a turnaround, as these funds had experienced mixed flows for some time. How High Can The BTC Rally Extend? Standard Chartered has predicted that this current BTC rally could lead to a surge to $135,000 soon, even as the shutdown persists. The banking giant also expects the flagship crypto to reach $200,000 by year-end, thanks to the ETF boom. Source: Polymarket Polymarket data shows that there is a 68% chance that… The post Bitcoin Extends ATH Rally as Market Prices In Three-Week U.S. Government Shutdown appeared on BitcoinEthereumNews.com. Bitcoin has reached a new all-time high (ATH), extending its current rally, which began at the start of October. This comes as market participants price in an extended U.S. government shutdown, which could last up to three weeks. Bitcoin Reaches New ATH As U.S. Government Shutdown Persists TradingView data shows that the flagship crypto has reached a new all-time high, trading above its previous ATH of $125,500, which it set yesterday. BTC is currently trading at around $126,000, up over 2% in the last 24 hours. Source: TradingView; Bitcoin Daily Chart The Bitcoin rally to a new ATH comes as market participants price in an extended U.S. government shutdown. Polymarket data shows that there is currently a 72% chance that the shutdown will end by October 15 or later. Source: Polymarket The U.S. government shutdown began on October 1, which coincided with the BTC price‘s surge from around $114,000. The flagship crypto is up almost 10% since the start of this month. Investors are believed to be piling into Bitcoin as a safe-haven asset in what is now known as the ‘debasement trade’ to hedge against the current economic uncertainty. Notably, the shutdown has withheld key economic data releases, which has also had investors on edge. As CoinGape reported, thanks to this debasement trade, the Bitcoin ETFs recorded their second-largest weekly inflows last week, taking in $3.24 billion. This marked a turnaround, as these funds had experienced mixed flows for some time. How High Can The BTC Rally Extend? Standard Chartered has predicted that this current BTC rally could lead to a surge to $135,000 soon, even as the shutdown persists. The banking giant also expects the flagship crypto to reach $200,000 by year-end, thanks to the ETF boom. Source: Polymarket Polymarket data shows that there is a 68% chance that…

                                                                               The Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not been to be assessed individually.                     The US Securities and Exchange Commission has approved a set of listing standards for commodity-based trust shares, opening the door for digital asset listings without requiring individual approvals.  The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past.  “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement.It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval.The SEC was facing deadlines from October onwards to decide on those cases, in addition to a handful of others.This is a developing story, and further information will be added as it becomes available.Read more