Bitcoin Reaches New All-Time High of $126,000, Shaking Up the Market

The cryptocurrency market is abuzz as Bitcoin (BTC) recently achieved a record high, exceeding $126,000 on October 6th. This historic milestone signifies a significant shift in the cryptocurrency landscape, driven by factors like increased spot ETF inflows, shrinking exchange reserves, and tighter supply. Analysts attribute this rise to growing DeFi applications and institutional investments, while U.S. government data disruptions and a weakening dollar also contribute to heightened risk sentiment.