Bitcoin Hits New Highs; Fed Prepares To Speak; Shutdown May Silence Key Jobs Data

Bitcoin pushed into uncharted territory, the Fed returns to the spotlight midweek, and the government shutdown threatens to mute key macro signals...

Bitcoin Back at All-Time Highs

Bitcoin (Crypto: BTC) broke through its previous all-time high of $124,533 on August 13, setting a new record at $125,750. The breakout highlights growing optimism around digital assets as the stablecoin market is projected to 7x by 2030, paving the way for real-world crypto use cases in payments, settlement, and tokenized assets.

The move also lifted mining-related names… the largest miners continue to rely on ASIC chips from Canaan(NASDAQ:CAN), which saw its stock  jump 65% last week and 85% in 1 month, as demand …

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