The Bitcoin market is experiencing a major boost as prices touch an all-time high of two months during the current US government shutdown. On October 1, 2025, Bitcoin (BTC) reached approximately $119,455, a 3.5% rise in 24 hours. This is amid a reported surge in millionaire addresses, which rose above 190,000 at the close of Q3 2025.
Bitcoin Price Rally
The BTC price rally is coming because the US government failed to approve a funding bill, leading to agencies being closed and around 750,000 employees being furloughed. The shutdown has introduced uncertainty into the market but has also pushed interest in BTC from investors. BRN head of research Timothy Misir broke it down, saying that the shutdown brought new factors into the market, which boosted risk appetite.
The major cryptocurrencies also felt the day’s advance. Ethereum (ETH) grew 5.5%, XRP rose by 4%, and Solana (SOL) rose by 6%. In the entire global cryptocurrency market cap, it rose to $4.17 trillion, with Bitcoin dominance standing at 58%.
Rise in Millionaire Addresses
The number of Bitcoin millionaire addresses, according to a Finbold report, grew by 7,872 in Q3 2025 to 190,199. That is an average of 86 new millionaire addresses per day throughout the quarter. The wallets with $10 million or more also registered a sharp increase from 20,488 in July to 22,192 as of September end.
This rise in million-dollar addresses is due to a Bitcoin wealth concentration, particularly around periods when prices came close to all-time highs. The robust new wave of millionaire addresses comes after a tumultuous Q1 2025, where the number for such accounts declined sharply.
Bitcoin Miners’ Market Capitalization Reaches All-Time High
Market capitalization of Bitcoin mining firms rose to $58.1 billion in September from $41.6 billion in August. The rise by 40% comes due to rising prices of BTC and rising investment in high-performance computing (HPC). Some of the sector’s prominent players such as IREN, Cipher Mining, and Applied Digital were leading, and IREN’s market capitalization rose by 624%.
Also, data indicated that the hashrate of the Bitcoin network achieved an all-time high of 1.2 zetahashes per second, which shows the solidity of the mining industry. Higher hashrate is attributable to heavy investment from major mining companies.
The Bitcoin market is presently witnessing a strong rally driven both by outside economic pressures and by insider millionaire address growth. With all-time high Bitcoin prices and history-making miners’ market capitalization, investor sentiment is still the prevailing force with the fourth quarter looming on the horizon.
