Bitcoin surged to a new all-time high of $125,000 on Sunday, trading at $124,917 with a 1.97% gain in the past 24 hours, according to CoinMarketCap. Over the last seven days, the cryptocurrency has jumped 14%, pushing its market capitalization up 1.88% to $2.48 trillion.
Investors are eyeing Bitcoin as a safe-haven asset amid macroeconomic uncertainties, including the recent US government shutdown, alongside optimism over a potential Federal Reserve rate cut. Rising inflows into Bitcoin exchange-traded funds (ETFs) have further fueled the rally.
Historically, October has been one of Bitcoin’s strongest months-a trend known as the “Uptober Effect.” Analysts note that the cryptocurrency tends to see significant price appreciation during this month, and 2025 appears to be following that pattern.
The rally has also lifted major altcoins, including Ethereum, Litecoin, and XRP, strengthening the broader crypto market. With September closing on a higher base than usual and Bitcoin ending four of the last five quarters positively, experts remain bullish on Q4, citing strong seasonal momentum and continued investor optimism.
(Tamil Craze)