Bitcoin's New ATH: Leading Crypto Surges Past $125.000, Sparking Uptober Rally

Bitcoin's New ATH: Leading Crypto Surges Past $125.000, Sparking Uptober Rally

Bitcoin's price kicked off October with a historic rally that saw it reach a new all-time high (ATH) of $125.506, reinforcing its market dominance and bolstering hopes for a bullish quarter.

Bitcoin has made history again this October 5th, exceed $125.500 for the first time, setting a new all-time high (ATH) price.

The bullish momentum experienced by the leading cryptocurrency came amid strong capital inflows into spot ETFs and a favorable macroeconomic environment that has renewed interest among both institutional and individual investors. After surpassing this level, the cryptocurrency corrected slightly but remains solid above $123.000, according to data, consolidating its dominant position in the crypto market.

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BTC's New ATH: Institutional Investors Reaffirm Bitcoin as a Key Safe Haven

This Sunday, October 5, Bitcoin reached a record price of $125.506, consolidating its position as the dominant cryptocurrency and setting a historical precedent that renews global interest in digital assets. 

Amid market enthusiasm, Bitcoin's market cap surpasses $2,45 trillion, a figure that during its intraday high reached almost 2,5 trillion dollarsDespite the surge in its price, BTC trading volume has seen a slight drop of 0,68% over the past 24 hours, hovering around $68.000 billion.

Bitcoin (BTC) price hits new all-time high on October 5.
Source: CoinGecko

Behind this exciting rise of Bitcoin is a combination of financial and political factors that converged to reinforce investor confidence. One of the main drivers comes from the Robust investment flow into Bitcoin spot ETFs

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According to data provided by the SoSoValue platform, these funds have registered net inflows of $3.240 billion during the second-best week on record in terms of capital flow. The recent investment figures in exchange-traded funds represent a clear reversal of the cautious sentiment that institutional investors had maintained weeks ago. 

Apparently, after this period of caution, institutional investors have decided to take a firm step and bet heavily on Bitcoin, seeing it not only as a risk asset, but as a true safe haven.

Weekly inflows into Bitcoin spot ETFs.
Source: Soso Value

El economic context in the United States has also served as additional fuel for the current Bitcoin rally. The Federal Reserve decided cut interest rates last month, freeing up liquidity and lowering the cost of credit, which has opened the door to a greater appetite for more volatile assets such as cryptocurrencies. Added to this is the possibility of two more new cuts in the remainder of the year and the tension generated by the recent temporary shutdown of the US government, which has raised alarm bells about political and economic stability, leading many to seek refuge in alternatives outside the traditional circuit.

This combination of external and internal factors is having a multiplier effect that is driving Bitcoin's price globally, consolidating its role as an increasingly institutionalized and accepted asset within the traditional financial system.

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Uptober unstoppable: Bitcoin drives new records

Amid this new ATH and in the midst of "Uptober," the month that in crypto jargon usually arrives full of optimism and price increases, the large Bitcoin whales are experiencing one of their most lucrative moments. Just look at the case of Strategy, whose portfolio grazes the 79.000 million, a private heavyweight consolidating its influence in the ecosystem.

On the other hand, El Salvador, the first country in the world to adopt Bitcoin as legal tender, also celebrates notable gains. In its publications In recent years, Nayib Bukele, president of the Central American nation, celebrated that the country's BTC holdings have generated unrealized gains reaching $475 millionBeyond the figure, the data reveals a state strategy that, without hesitation, believes in the long-term sustainability and projection of cryptocurrency.

An even more fascinating case is that of the wallet associated with the enigmatic Satoshi Nakamoto, the anonymous creator of Bitcoin. Currently, the value contained in these digital records amounts to 136,28 millionThis figure places Satoshi among the five richest people in the world, although the identity behind this pseudonym remains one of the greatest mysteries of the modern technology and financial industry.

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Ethereum joins “Uptober”

On the other hand, it should be noted that not only Bitcoin is shining in this “UptoberEthereum, the second-largest cryptocurrency in the market by market capitalization, also joined this bullish rally. 

On October 5, the price of ETH surpassed $4.563, a level that reaffirms its leading role in the development of decentralized applications and smart contracts. 

The joint rally of Bitcoin and Ethereum is shaping a bullish month reflecting the renewed strength of the market. With the combined capitalization of all cryptocurrencies now exceeding 4,31 trillions of dollars, the crypto ecosystem reaffirms its role as one of the most dynamic and fastest-growing sectors within the global financial landscape.

An optimistic horizon for cryptocurrencies

Bitcoin's jump above $125.000 not only marks a new all-time high; it represents a turning point in the maturity of the crypto market and its integration into the global financial system. In the background, the boom is not only explained by market dynamics, but by a broader transformation: large funds and companies continue to explore their exposure to the digital sector, regulation is beginning to find its way in different jurisdictions, and blockchain infrastructure is expanding into industries where efficiency and traceability are now priorities.

While volatility remains part of Bitcoin's DNA, the prevailing reading is one of optimism. The current narrative points to a new era of sustained expansion, where adoption, ecosystem advancements, and technological innovation cement cryptocurrencies as an increasingly stable cog in the modern economic machine.

October 5, 2024 was recorded as a symbolic date, when Bitcoin not only reached a new all-time high of $125.506, but it reinforced the conviction that their story is just beginning.

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