Money

Bitcoin rises as a safe asset during shutdown

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

Published

5 months ago

October 4, 2025

Ahron Young

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

In Short:
– Bitcoin nears all-time high amid U.S. government shutdown, trading at $123,685.87 on October 3rd.
– In South Korea, Bitcoin surpassed 170 million KRW, reaching 170.96 million KRW on October 3rd.

Bitcoin has reached near its all-time high during the U.S. government shutdown, establishing itself as a safe asset.

On October 3rd, at the U.S. cryptocurrency exchange Coinbase, Bitcoin traded at $123,685.87, closely approaching the record high of $124,290 set in August. This marks a 1.89% increase in just 24 hours and the first time in two months that Bitcoin has surpassed $123,000.In South Korea, Bitcoin’s value also surged, surpassing 170 million KRW for the first time on the night of October 2nd.

The price climbed to 170.96 million KRW at Bithumb on October 3rd, breaking the previous record of 169.90 million KRW from August 14th.

The surge in Bitcoin’s price is driven by increased interest in safe-haven assets amid the government shutdown. Since October 1st, 750,000 federal employees have been placed on unpaid leave, leading investors to consider alternative assets.

Jeff Kendrick of Standard Chartered remarked that the current market situation differs from the 2018-2019 shutdown, as Bitcoin now closely correlates with U.S. government risk.

Bitcoin’s Future

Forecasts suggest Bitcoin’s upward momentum will persist. Standard Chartered predicts Bitcoin could break its all-time high and reach $135,000. JP Morgan analysts foresee a potential rise to $165,000 by year-end.

Historically, October has been a bullish month for Bitcoin, coining the term ‘Uptober’ due to average returns of 20.63% over the last decade. Ethereum is also on the rise, trading around $4,500, contributing to a larger $4.12 trillion cryptocurrency market.

Money

Dow tumbles over 1,000 points as oil surges past 80 amid Iran tensions

Stocks plummet over 1,000 points amid oil price surge and Iran tensions; market implications discussed by Kyle Rodda.

Published

4 hours ago

March 6, 2026

ticker NEWS

Stocks plummet over 1,000 points amid oil price surge and Iran tensions

Stocks were rattled this week as the Dow dropped more than 1,000 points, driven by surging oil prices that surpassed 80 dollars a barrel. The spike comes amid escalating tensions in the Iran conflict, sparking concerns for investors worldwide.

Kyle Rodda from Capital.com breaks down the key factors behind the market plunge, which sectors were hit hardest, and how the previous day’s slight stabilisation of oil influenced trading.

The implications of rising oil and geopolitical uncertainty could have lasting effects on the global economy. Watch as Kyle explains what to watch next in the market and how investors are responding to these turbulent times.

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#StockMarket #OilPrices #DowJones #FinancialNews #Investing #MarketUpdate #IranCrisis #Economy

Money

How Iran conflict is driving oil prices and global market volatility

Published

1 day ago

March 5, 2026

Harvey Vargas

Energy prices soar amid Iran conflict, with investors reassessing risks and market dynamics.

The ongoing conflict in Iran has sent energy prices soaring and markets reeling. Investors are reassessing inflation expectations, central bank rate paths, and global growth prospects as risk aversion rises.

David Scutt from Stonex gives his insights on how surging oil prices and rising energy risk premia are influencing investor sentiment and market dynamics.

Markets may need weeks to fully digest the economic impact of the conflict, with volatility likely to persist as investors weigh geopolitical and financial risks.

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Money

Middle East crisis: Global markets, tech, and supply chains under pressure

Published

2 days ago

March 4, 2026

Harvey Vargas

Navigating global uncertainty as the Middle East crisis reshapes markets, technology, and supply chains

The ongoing Middle East crisis is sending shockwaves through global markets, driving energy prices higher and intensifying volatility. Investors are facing growing uncertainty as inflationary pressures mount and risk sentiment shifts. Supply chains are under stress, with key trade routes disrupted, forcing businesses worldwide to rethink logistics, procurement, and operational strategies.

The technology sector is feeling the ripple effects as semiconductors, critical components, and AI infrastructure come under pressure. Volatility in tech stocks is rising, while defence and cybersecurity firms are navigating both new risks and opportunities. At the same time, investment in renewable energy and energy tech could accelerate as companies adapt to energy price surges and seek more resilient solutions.

Brad Gastwirth from Circular Technologies joins us to break down what these developments mean for global markets and long-term strategic planning.

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#MiddleEastCrisis #GlobalMarkets #TechIndustry #EnergyPrices #SupplyChain #InvestorAlert #AI #Innovation