Bitcoin Sets New All-Time High Over $125,000, Surpassing August Record

In early Asian trading hours on Sunday, Bitcoin surged past its prior ceiling to register a new all-time high of $125,750, eclipsing the previous record set in August.

The flagship cryptocurrency had endured a volatile September, but October (“Uptober”) has brought a sharp reversal in sentiment — and with it, a notable breakout.

Bitcoin Hits All-Time High

BeInCrypto Markets showed that the largest cryptocurrency has appreciated by over 9% this month. Earlier today, it hit a new record peak of $125,750 on Coinbase. At press time, the coin traded at $124,966, up 2% over the past day alone.

BTC Price Performance. Source: TradingView

The milestone came after BTC recently flipped the $120,000 level into support, opening the path toward a fresh ATH. BeInCrypto’s recent analysis also indicated that such a move was likely for the coin.