Bitcoin Sets New All-Time High Over $125,000, Surpassing August Record
Bitcoin set a new all-time high above $125,000 in early Asian trading, confirming “Uptober’s” bullish momentum as the crypto market shifts upward.
In early Asian trading hours on Sunday, Bitcoin surged past its prior ceiling to register a new all-time high of $125,750, eclipsing the previous record set in August.
The flagship cryptocurrency had endured a volatile September, but October (“Uptober”) has brought a sharp reversal in sentiment — and with it, a notable breakout.
Bitcoin Hits All-Time High
BeInCrypto Markets showed that the largest cryptocurrency has appreciated by over 9% this month. Earlier today, it hit a new record peak of $125,750 on Coinbase. At press time, the coin traded at $124,966, up 2% over the past day alone.
BTC Price Performance. Source:
TradingView
The milestone came after BTC recently flipped the $120,000 level into support, opening the path toward a fresh ATH. BeInCrypto’s recent analysis also indicated that such a move was likely for the coin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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