Bitcoin set a new record on October 5, breaking past the $125,000 mark for the first time, according to data from the Binance crypto exchange. The surge marks the latest milestone in a volatile week for the world’s largest cryptocurrency.
Data from Forbes shows that Bitcoin briefly crossed the $125,000 threshold before slightly retreating to around $124,990 and later stabilizing near $124,639. Meanwhile, U.S.-based exchange Coinbase recorded an intraday high of $125,725, confirming the latest all-time peak.
Just two days earlier, Bitcoin had climbed above $120,000 for the first time since mid-August. Analysts link the rally to broader market uncertainty and the temporary U.S. government shutdown, which has fueled investor interest in decentralized assets.
Market experts suggest that institutional demand, combined with expectations of looser monetary policy, continues to drive momentum. Despite fluctuations, Bitcoin’s sharp rise underscores renewed confidence in digital assets amid global economic turbulence.
