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Bitcoin hits a new all-time high, surpassing $125,000
Bitcoin climbed to a new all-time high during Asian trading on Sunday, reaching $125,296.58 and surpassing its previous record set in mid-August — reaffirming its position as the largest and most valuable cryptocurrency in the world by market capitalization.
As of 11:25 a.m. Moscow time, Bitcoin was trading around $124,801. The latest rally is fueled by rising institutional interest and optimism over more crypto-friendly regulatory signals from the administration of U.S. President Donald Trump.
The token had already shown momentum late last week, briefly crossing $121,000 on Thursday and closing Friday up 0.75% at $120,350 — its highest level in seven weeks.
Bitcoin has recovered nearly 10% over the past week following a sharp sell-off in September that led to billions of dollars in leveraged positions being liquidated.
The recent surge also coincides with “Uptober” — a term popular among crypto traders referring to historically strong October performance for digital assets.
Geoff Kendrick, global head of digital asset research at Standard Chartered, said that Bitcoin could continue its rise toward $135,000.
Meanwhile, Citigroup has revised its year-end forecast, now expecting the cryptocurrency to reach $133,000 by the end of 2025 — about 12% higher than recent trading levels around $118,747.
The bank also raised its forecast for Ethereum to $4,500, up from the previous $4,375.
See also: "Bitcoin: decline after record high, driver — ETF"
