US EditionBitcoin Soars To Unprecedented Heights, Breaking $125,000 Barrier
Bitcoin's surge past $125,000 was driven by $3.24 billion in ETF inflows last week and increased institutional demand amid US economic uncertainty, data shows.
- Bitcoin exceeded the $125K milestone, reaching a record high during a weekend of heavy trading with volumes approaching $50 billion.
- The surge followed Bitcoin's successful conversion of the $120,000 price level into support and its rebound from September volatility amid ongoing U.S. government shutdown uncertainty.
- Market analysts observe that investors holding assets over an extended period have been offloading near current price points since July, while growing institutional demand and an increase in stablecoin supply continue to bolster positive market momentum.
- Joshua Lim noted that Bitcoin’s recent surge aligns with a broader trend as various assets, including equities and gold, reach record highs amid concerns over the weakening dollar, while Geoff Kendrick forecasts Bitcoin’s price to surpass $135,000 in the near future.
- The event underscores increasing investor confidence in Bitcoin as a store of value amid economic uncertainty, suggesting appetite for the cryptocurrency may continue to grow in the near term.
47 Articles
47 Articles
Bitcoin price hits new all-time high, surpassing $125,000, according to Binance data
The Bitcoin reached a new historic peak over the weekend, as a larger risk spike around the end of the US government and the prevailing optimism around ‘Uptober’ pushed the world’s largest cryptocurrency.The main Bitcoin cryptocurrency reached $125,689 early Sunday morning in New York, surpassing its previous record of August 14, driven by the surge in US shares and the renewed influx of capital into Bitcoin-linked listed funds (ETFs).
The cryptocurrency star broke a new record by reaching $125,689.
The bitcoin reached a new maximum Sunday, over $125,000, in the context in which the budgetary parallelism continues in the United States, reports AFP, according to Agerpres. The cryptomonies view reached 125,689...
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