CoinDesk Podcast Network Bitcoin Hits New High Above $125K as U.S. Government Shutdown Continues | CoinDesk Daily
Oct 6, 2025
Bitcoin hits a new all-time high of over $125,000, driven by massive ETF inflows and October's seasonal trends. Meanwhile, Polymarket bettors speculate on the duration of the U.S. government shutdown, with a 73% chance of it reopening after October 15. Contract odds suggest a significant likelihood of the shutdown lasting between 10 to 29 days. Additionally, Grayscale is making waves by introducing staking options for its Ether and Solana trusts, potentially unlocking rewards across billions in assets.
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Bitcoin Breaks $125K On ETF Demand
- Bitcoin surged to a record high above $125,000 driven by strong demand for U.S. spot ETFs.
- The rally aligns with seasonal October strength and macro factors like a U.S. shutdown and Fed decisions.
Markets Predict Prolonged Shutdown
- Polymarket traders assign a 73% chance government returns on or after October 15, with nearly $1.5M in volume for that range.
- Another market gives a 67% probability the shutdown lasts 10–29 days and 29% for longer than a month.
Congressional Stalemate Fuels Uncertainty
- Congress is in a stalemate with funding resolutions failing to meet thresholds, prolonging uncertainty.
- Political deadlock is contributing to market-driven expectations about the shutdown's duration.