What Next For XRP, ETH, ADA as Shutdown Fears Keep Bitcoin Bulls in Control

Bitcoin has reached a record high of $126,223 due to significant spot ETF inflows and reduced exchange balances, as the U.S. government shutdown continues and the dollar softens. As of now, Bitcoin is trading near $124,000, contributing to a 15% weekly gain that has uplifted major cryptocurrencies. Other notable gains include Ether's 4% rise to $4,700, while BNB has outperformed with over 20% growth this past week. The total cryptocurrency market capitalization has seen a surge, reaching approximately $4.24 trillion, with sentiments leaning towards greed, indicating potential for continued market extension. Investment interest is bolstered by a recent $3.2 billion in spot ETF inflows, reflecting growing institutional involvement. However, long-term holders have been selling at current levels, hinting that supply may increase if demand slows. The ongoing political uncertainty surrounding the U.S. government shutdown has historically attracted capital towards hard assets, which could further support Bitcoin's rally, paralleling trends observed in previous shutdowns. Investors are keenly watching XRP, which is nearing $3, as well as potential bullish movements in other cryptocurrencies.

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