Bitcoin surged above $122,000 per token as investors turned to crypto amid US government shutdown uncertainty. The rally marked its best week since April, bringing the world’s largest cryptocurrency close to its August all-time high. Seasonal tailwinds have historically favored bitcoin in October, with the token rising in 10 of the past 12 years. Analysts predict a strong October setup, with the Treasury General Account largely topped up and stablecoin activity supporting crypto. Circle’s USDC token supply has surged, with demand spread across various blockchains. Analysts foresee bitcoin hitting $150,000 to $200,000 in the next 6-12 months. Fundstrat sees ether reaching $10,000 by year-end.

Read more at Yahoo Finance: Bitcoin suddenly has record high back in sight as crypto ‘Uptober’ starts with a bang