Bitcoin chases new highs as crypto market cap crosses $4.21T

Bitcoin rallied close to $124,000 as surging US demand for BTC, shifting Federal Reserve monetary policy and hopes for a bullish Q4 lifted investor sentiment.

Key takeaways: 

Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown.

Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand.

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