Bitcoin hits new all-time high above $125,000
Illustrative photo: Bitcoin has surged since the start of the year (Getty Images)
Bitcoin surged past another record early on October 5, with its price exceeding $125,000 per coin, reports Reuters.
Bitcoin reached a record high on Sunday, October 5, trading at $125,245.57 per unit, a 2.7% increase. The previous record of $124,480 per unit was set in mid-August.
Since October 4, Bitcoin has risen for eight consecutive sessions, supported by gains in US stocks and strong demand from institutional investors. There has also been an inflow of funds into Bitcoin exchange-traded funds.
Earlier this year, in January, it was reported that Bitcoin had more than doubled in value during 2024. On December 5, 2024, the cryptocurrency reached a historic milestone of $100,000, and analysts note that its price could continue to rise in 2025.
By July 11, 2025, Bitcoin broke its historical record again, reaching $117,600 per unit, with the next price record set in August.
The increase in Bitcoin's value reflects that, starting in March 2025, US President Donald Trump ordered work to begin on creating a strategic cryptocurrency reserve. Prior to this, he had repeatedly announced that the US would become the "crypto capital of the world", making Bitcoin increasingly attractive to investors.
