Bitcoin (BTC) breached $126,100 for the primary time in historical past on Oct. 6, climbing 2.5% in 24 hours as report institutional demand and macroeconomic uncertainty converged to push it to new highs.
Bitcoin has since retraced to $123,500, sitting across the earlier all-time excessive, which now acts as a help for the uptrend.
The rally adopted $3.55 billion in internet inflows into US spot Bitcoin exchange-traded funds (ETFs) final week, a part of practically $6 billion in complete crypto inflows that tightened obtainable provide and supported costs.
The heavy institutional shopping for by way of regulated merchandise eliminated bitcoin from circulation, creating upward stress on spot markets.
Macroeconomic elements amplified the transfer as a US authorities shutdown steered traders towards perceived hedges like Bitcoin and gold.
The shutdown considerations elevated Bitcoin’s attraction as a safe-haven asset alongside conventional defensive positions, whereas the energy of fairness futures and broader danger urge for food supplied further tailwinds.
Merchants await the Federal Reserve’s communications later this month for affirmation of a extra dovish financial coverage path, which might additional help danger property, together with cryptocurrencies.
Ethereum crossed $4,700 alongside Bitcoin’s advance, buying and selling at $4,643.91 at press time, up 11% prior to now week. The broader crypto market posted beneficial properties throughout main property because the bitcoin rally lifted sentiment.
BNB peaked at $1,243, up 4.1% in 24 hours. Cardano gained 5.2% to succeed in $0.8783, whereas XRP superior 3% to $3.04. Solana climbed 3.7% to $236.30. Dogecoin posted sturdy beneficial properties amongst main crypto, leaping 6.1% to $0.2687.
The convergence of institutional demand by way of ETFs, macroeconomic uncertainty driving safe-haven flows, and constructive danger sentiment in conventional markets created situations for Bitcoin to interrupt by way of the $126,000 threshold.
Bitcoin Market Information
On the time of press 9:41 am UTC on Oct. 7, 2025, Bitcoin is ranked #1 by market cap and the value is down 0.12% over the previous 24 hours. Bitcoin has a market capitalization of $2.46 trillion with a 24-hour buying and selling quantity of $70.23 billion. Be taught extra about Bitcoin ›
Crypto Market Abstract
On the time of press 9:41 am UTC on Oct. 7, 2025, the full crypto market is valued at at $4.24 trillion with a 24-hour quantity of $202.61 billion. Bitcoin dominance is at the moment at 58.13%. Be taught extra in regards to the crypto market ›
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