Bitcoin Skyrockets to Record-Breaking $125,000 in ‘Uptober’ Surge
Bitcoin has set a new record, reaching an all-time high of $125,689 on October 5, 2025. This achievement surpasses its previous record set in August, amidst a broader risk rally.
As the world’s largest cryptocurrency, Bitcoin has started the fourth quarter with significant momentum. It has surged more than 10% over the past week, climbing from around $109,000 on September 27 to over $125,000. This rally is being driven by what market participants have dubbed the ‘Uptober’ phenomenon, which is historically Bitcoin’s most bullish period.
The ongoing U.S. government shutdown has ironically boosted Bitcoin’s appeal. Investors are seeking safe-haven assets in what analysts are calling the “debasement trade.” Geoff Kendrick from Standard Chartered has noted that Bitcoin’s historically positive correlation with U.S. Treasury term premiums suggests that the cryptocurrency benefits from prolonged fiscal uncertainty.
Institutional demand has also been a key driver. BlackRock’s IBIT Bitcoin ETF recently broke into the top 20 U.S. ETFs by assets under management, crossing the $90 billion mark for the first time. This milestone could potentially be the fastest rise into the top 20 for any ETF in history.
The surge follows the Federal Reserve’s first interest rate cut since December 2024. Market expectations are pricing in a 96% chance of another 0.25% cut in October. Reflecting strong confidence in Bitcoin’s upside potential amidst growing retail and institutional interest, Standard Chartered has raised its year-end Bitcoin target to $200,000.
Source: Bloomberg