The cryptocurrency market benchmark digital asset, Bitcoin, prices jumped more than 3% on Friday, 3 October 2025, driven by strong volume among crypto market investors, despite the US government shutdown entering its fourth day on Saturday, 4 October 2025.
According to the data collected from CoinMarketCap, Bitcoin extended its rally as the currency received bullish sentiment from the market investors, driving the demand for the cryptocurrency.
Bitcoin prices today
Bitcoin price jumped more than 3% during the intraday session on Friday, 3 October 2025, to its level of $123,944 as of 10 p.m. (IST), compared to its $120,073.86 level earlier during the day, according to the data collected from CoinMarketCap.
The market data showed that Bitcoin trading volumes witnessed a 15.62% growth in the last 24 hours to $85.27 billion as of 3:35 a.m. (IST).
CoinMarketCap data also showed that the benchmark cryptocurrency is currently trading 1.68% higher at $122,461.46, with the market capitalisation of the digital asset at $2.44 trillion.
The digital currency hit its all-time high level of $124,457.12 two months ago, on 14 August 2025, while the all-time low level was at $0.04865, 15 years ago.
Bitcoin has surpassed its $123,000 mark for the first time since August 2022, supported by momentum in US stock markets and renewed inflows into Bitcoin-linked exchange-traded funds.
Here’s what experts say
Experts shed light on how Bitcoin is expected to rise even amid the US government shutdown, with strong volumes, as the digital currency is at a different place now compared to the last shutdown nearly 7 years ago.
“The shutdown matters this time around,” said Geoff Kendrick, global head of digital assets research at Standard Chartered Plc, told the news agency Bloomberg. He also said that Bitcoin was “in a different place” during the previous shutdown between 2018 and 2019, when the token traded less in line with traditional risk assets.
However, investments in these digital asset classes are risky due to the highly volatile nature of the crypto market. Hence, investors should stay cautious before making any investments.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.