Last Updated:
Bitcoin reached a record high of 125000 on Sunday, trading at $124917 with a 1.97 percent gain in the past 24 hours, according to CoinMarketCap.
Representative image
The popular cryptocurrency Bitcoin surged to hit the record high at $125,000 on Sunday. According to CoinMarketCap, the price of Bitcoin was trading at $124,917 with a gain of 1.97 per cent in past 24 hours. Bitcoin price witnessed a sharp spike in the past seven days with a jump of 14 per cent. The market cap of Bitcoin rose 1.88 per cent to $2.48 trillion.
Optimism over potential Federal Reserve rate cut, increased inflows into Bitcoin exchange-traded funds (ETFs), and macroeconomic uncertainties, including the recent US government shutdown, are the major reasons that have prompted investors to put their money into safe assets like Bitcoin.
Digital assets are moving beyond trading instruments and moving towards providing utility as a component of corporate treasury and portfolio allocation, and are increasingly relevant to solving operational inefficiencies in transaction settlement, explained SB Seker, Head of APAC, Binance.
Historically, October is being considered as the best month for Bitcoin in terms of price appreciation. The “Uptober Effect” in Bitcoin refers to a historical pattern where the cryptocurrency tends to see significant price gains during the month of October. Traders and analysts have observed that October has often been one of Bitcoin’s strongest performing months in terms of price appreciation.
The momentum has also led to capital rotation into established altcoins like Ethereum, Litecoin, and XRP, strengthening the broader market. Seasonality further supports this trend, as October, often referred to as ‘Uptober’, has historically been Bitcoin’s strongest month. With September closing on a higher base than usual, the outlook for Q4 remains constructive, supported by the fact that Bitcoin has ended four of the last five quarters in positive territory, said CoinSwtich Market Desk.
Sumit Gupta, Co-founder of CoinDCX said, that while the momentum is exciting, it’s equally important for investors to remain mindful of the market’s inherent volatility. The crypto market rewards those who plan for both the highs and the dips. What’s even more encouraging is that this rally isn’t limited to Bitcoin; Ethereum, Solana, and XRP are also witnessing strong traction, signalling optimism across the broader crypto ecosystem.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 05, 2025, 12:37 IST
Read More
