Bitcoin Reaches New All-Time High of $125,500 in October Rally
- Bitcoin has hit a new all-time high (ATH) of $125,500, surpassing its previous ATH of $124,400.
- The price surged from an intra-day low of around $121,500 and is up over 6% since the start of October.
- BTC now has a market capitalization of $2.5 trillion, ranking it as the seventh-largest asset globally.
- In the last 24 hours, $148 million in BTC positions were liquidated, with $132 million from short positions.
- This rally follows market anticipation for another Federal Reserve rate cut at the upcoming FOMC meeting.
The recent surge in Bitcoin’s price reflects significant market activity and investor optimism surrounding potential economic changes. The liquidation of substantial BTC positions indicates heightened volatility as traders react to these developments.
With Bitcoin’s price reaching $125,500 and a market cap of $2.5 trillion, it continues to outperform major stocks like Meta and Amazon. (Source)
