Bitcoin Breaks Record High as ‘Uptober’ Fuels Bullish Momentum

Bitcoin has shattered its previous record, surging past $125,000 and hitting a new all-time high (ATH). This bullish rally, driven by growing institutional demand and shrinking exchange balances, marks another significant step forward for the world’s leading cryptocurrency. Analysts point to factors like expanded DeFi applications, increased ETF inflows, and potential rate cuts from the Federal Reserve as key drivers behind this surge. With Bitcoin reclaiming its position in investor portfolios, many predict a path towards $200,000 by year-end may be achievable.