Overview

• The price reached an intraday peak of $125,426 on Bitstamp before slipping to just under $125,000 later in the session.
• CoinMarketCap estimates value Bitcoin at roughly $2.5 trillion, with the overall crypto market near $4.3 trillion.
• Expectations of further U.S. interest-rate cuts are cited as supportive for risk assets such as cryptocurrencies.
• Political uncertainty in the United States, including a budget impasse, has boosted interest in perceived stores of value like Bitcoin and gold.
• Chart watchers highlight a recurring October strength known as “Uptober,” while some early holders take profits even as institutions accumulate.