{"id":36424,"date":"2025-10-05T06:01:08","date_gmt":"2025-10-05T06:01:08","guid":{"rendered":"https:\/\/financialrush.com\/?p=36424"},"modified":"2025-10-05T06:01:08","modified_gmt":"2025-10-05T06:01:08","slug":"bitcoin-price-smashes-records-with-surge-to-126k-new-ath","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36424","title":{"rendered":"Bitcoin Price Smashes Records With Surge to $126K New ATH"},"content":{"rendered":"

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After nearly two months of extended consolidation period, in which BTC even dipped below $110K on several occasions, the asset has gone on a tear in the past week and just broke its August all-time high.<\/p>\n

The cryptocurrency rocketed to just under $126K on Binance during the early trading hours of Sunday.\u00a0Recall that bitcoin went on a roll during the summer when it topped<\/a> $124K in August. What followed was a somewhat expected correction and consolidation.<\/p>\n

September was volatile with a peak of $118K after the US Fed reduced the interest rates. However, that was short-lived and BTC dumped below $109K a week later.\u00a0Its recovery began at the start of the business week and especially since October (referred<\/a> to as ‘Uptober’ in the crypto community) kicked off.<\/p>\n

Bitcoin added more than $10K to its value from Monday until Friday but the actual breakout was yet to transpire. Following a calm Saturday with sideways trading between $121K-$122K, the major cryptocurrency flew past the precious record and set a new one at $125.9K on Binance.<\/p>\n

Its market capitalization has shot up to $2.5 trillion, which places it above Amazon and close to silver.\u00a0The total value of liquidations on CoinGlass is up to $350 million, with shorts responsible for the lion’s share.<\/p>\n

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BTC\/USD, 2025 daily chart by TradingView<\/figcaption><\/figure>\n

The post Bitcoin Price Smashes Records With Surge to $126K New ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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