Bitcoin Breaks Level 26,000 Dolarow Amerika SerikatLast Monday, which was considered All-Time Highof the world's largest cryptocurrency, before falling more than 1% to below. 24,000 Dolarow Amerika Serikaton tuesday

BNBwhich is a token on the platform BinanceThe world's largest crypto trading market also made its own record highs at the level. 1,268 Dolarow Amerika SerikatOn Tuesday, this surge in the crypto market caused Changpeng Zhao (CZ)Binance founders have increased their asset value to 89.7 Billion US DollarsAccording to the billionaire rating of Forbes

However, CZ has come out to deny the figures via the platform. X (original Twitter)STATING THAT “THIS FIGURE IS GREATLY EXAGGERATED.”

Even on mainland Chinese social media, there was not much reaction to the skyrocketing Bitcoin price, but on Platform X, many Chinese crypto investors celebrated and predicted that this new bull market may “never have happened before.”

Factors driving the price of Bitcoin

Bitcoin's rise comes at a time when investors around the world are turning to assets other than major currencies like the US dollar, which is facing pressure from Government Shutdownwhich lasted for several days.

The price of gold itself has risen. New record high nears $4,000 per ounceIncrease over 50%From the beginning of the year

Nick RuckDirector of the Company LVRG Researchsays

“Bitcoin's surge is a reflection of its role as a hedge asset amid US fiscal uncertainty,”

Both Bitcoin and Gold have received buying power from investors looking to protect assets from “debasement trade”— Investment strategies that focus on holding alternative assets to hedge against paper currency depreciation risks.

organisations QCP CapitalIn addition,

“During the US government shutdown, Bitcoin prices surged more than 10% in a single week, suggesting that Bitcoin's role as a safe haven is making a comeback,”

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