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Tengrinews.kz – On the morning of October 5, Bitcoin reached a new all-time high, rising by nearly 2.7% to hit $125,245.57, according to Binance.
The previous Bitcoin price record — $124,480 — was set in mid-August. At the time, the cryptocurrency’s surge was supported by the softer stance of U.S. President Donald Trump's administration on digital asset regulation and strong institutional investor interest.
On Friday, Bitcoin posted gains for the eighth consecutive trading session, driven by a rise in U.S. stock prices and increased capital inflows into Bitcoin ETFs.
Meanwhile, the U.S. dollar weakened against major global currencies, marking a multi-week decline. Amid uncertainty caused by the risk of a U.S. government shutdown, the release of several key economic indicators was postponed.
It’s worth noting that before the U.S. elections, Bitcoin’s previous all-time high stood at $70,184 (over 34 million tenge).
