Bitcoin chases new highs as crypto market cap crosses $4.21T
Bitcoin rallied close to $124,000 as surging US demand for BTC, shifting Federal Reserve monetary policy and hopes for a bullish Q4 lifted investor sentiment.
Key takeaways:
Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown.
Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand.