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Bitcoin, after setting a record at 126,184 dollars at the beginning of this week, slightly pulled back due to profit realizations. Bitcoin fell to 123,780 dollars, losing 1.1% of its value in the early hours of the day. The rise in question occurred during yesterday's trades due to an increase in institutional demand, macroeconomic expectations, and seasonal factors.
According to analysts, investors have taken positions supported by expectations that the Fed will lean more towards interest rate cuts and an increase in the correlation of Bitcoin with gold during the U.S. government shutdown. It is also noted that October has historically been among the periods when Bitcoin has performed strongly.