Mars Morning News | Bitcoin briefly surpassed $126,000 in the early hours today, setting a new all-time high

Bitcoin briefly surpassed $126,000 early today, setting a new all-time high

On October 7, according to market data, Bitcoin briefly surged past $126,000 early this morning, setting a new all-time high. It is currently quoted at $124,815, up 1.21% in the past 24 hours.

U.S. Senate fails to pass bipartisan funding bills, government "shutdown" continues

On October 7, local time October 6, the U.S. Senate voted on a funding bill proposed by the Democrats aimed at ending the government "shutdown." The bill failed to pass with 45 votes in favor and 50 against. Subsequently, the Senate voted on a temporary funding bill proposed by the Republicans, which also failed to meet the threshold for passage. With the rejection of these bills, the U.S. government "shutdown" will continue.

Federal Reserve's Schmid: Interest rates "have been appropriately adjusted," focus should be on inflation risks

On October 7, Kansas City Fed President Schmid stated on Monday that he is inclined not to further cut interest rates, saying that as the Fed seeks a balance between the dual risks of overly tight and overly loose policy, it should continue to focus on the risk of excessive inflation. Schmid supported the Fed's decision in September to lower rates by 25 basis points, calling it appropriate risk management in the context of a cooling labor market. However, he pointed out that various indicators show the overall job market remains healthy, while inflation is still too high, with service sector inflation stabilizing at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the range of price increases is also expanding," Schmid said, noting that as of August, nearly 80% of categories in official inflation statistics saw price increases, up from 70% at the beginning of the year. He added, "Overall, I expect the impact of tariffs on inflation to be relatively moderate, but I think this indicates that policy has been appropriately calibrated, rather than suggesting a significant cut in policy rates."

Data: $349 million liquidated across the network in the past 24 hours, $112 million in long positions, $237 million in short positions

According to Coinglass data, $349 million was liquidated across the network in the past 24 hours, with $112 million in long positions and $237 million in short positions. Among them, Bitcoin long positions were liquidated for $17.8075 million, Bitcoin short positions for $54.3305 million, Ethereum long positions for $18.8111 million, and Ethereum short positions for $65.048 million. In addition, in the past 24 hours, a total of 161,278 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT, valued at $4.5715 million.

CZ responds to his net worth reaching $87.3 billion: does not believe the figure is accurate

On October 7, Forbes data showed that Binance founder CZ's net worth reached $87.3 billion, ranking 21st globally. In response, CZ stated on social media: "I don't think this figure is accurate (it's ridiculously high), but it doesn't matter. What matters is how many people we can help, and to what extent. Making the world a little better after my time here is what counts."

Gold futures hit $4,000 for the first time in history, up over 50% this year

On October 7, New York gold futures touched the $4,000/ounce mark for the first time in history, surging over 50% this year. Spot gold is quoted at $3,976.94/ounce, also setting a new all-time high.

Strategy's Bitcoin holdings surpass $8 billion in market value, setting a new record

As Bitcoin's price broke through $126,000 this morning, the total value of the 640,031 Bitcoins held by U.S.-listed company Strategy exceeded $8 billion. In addition, Strategy's stock price has risen about 9.5% over the past five trading days, with a cumulative increase of 24% this year, causing significant losses for short sellers. Currently, Strategy's market capitalization has surpassed Coinbase, returning above $10 billion.

The New Crypto Order: Betting on Systems, Not Seasonal Cycles

The cryptocurrency market is shifting from a retail-driven halving cycle to an institution-led, infrastructure-driven cycle, with core catalysts including spot ETFs, stablecoin adoption, RWA tokenization, and DATs tools. Changes in market structure are leading to fragmented liquidity and scarce attention, with investment opportunities shifting toward projects capable of building systems.