Overview

• Bitcoin climbed about 2.7% to roughly $125,245 at 05:12 GMT on October 5, topping the prior record near $124,480 set in August.
• U.S.-listed spot Bitcoin ETFs now oversee more than $163.5 billion in holdings, with an estimated $2.25 billion of net inflows last week reversing $902.5 million in prior outflows.
• Analysts credit sustained institutional buying, a softer dollar linked to U.S. budget uncertainty, stronger U.S. equities and seasonal tailwinds known as “Uptober.”
• Banks updated their outlooks: Citigroup’s base case points to about $133,000 by year-end, JPMorgan’s volatility-adjusted gold comparison implies near $165,000, and Standard Chartered projects $200,000 by December 2025.
• Regulators continue to warn about steep volatility and speculation in crypto markets, with Spain’s CNMV among agencies urging caution for retail investors.