Bitcoin climbed at the sight of the new record greater than $ 124,500, capping a five -day rally which marks one of its strongest departures in October recorded.
Trading well below $ 110,000 last weekend, the crypto climbed almost 15% this week, including around 3% in the last 24 hours at the current $ 123,300.
October was historically a solid month for Bitcoin, and this year does not seem to be different because a bullish feeling returned to force before the fourth quarter.
From July to September, the Bitcoin price has largely stalled, exchanging a narrow range and actions and sub-perform gold, which have apparently reached new records on a daily basis.
But the momentum has changed.
“This moment is different from the previous ones,” said economist Noelle Acheson, author of the crypto is Macro Now Newsletter. In an article on X, Acheson highlighted a mixture of strong institutional participation and wider macroeconomic engines as a new forces shaping this cycle.
“In the previous cycles, we did not have this level of sustained global discharge,” she said, referring to the erosion of the value of the engagement currency in major economies. At the same time, she noted that increasing geopolitical uncertainty encourages a “progressive pivot away from the US dollar to world hard workers”, with bitcoin positioned as a key beneficiary.
While speculative enthusiasm is often one of the cryptographic rallies, Acheson has suggested that this wave is driven by deeper structural changes – and could have power. It would be significantly different from recent records in July and again in August, which both met with violent sales.
“Fomo is a strong force in the world of crypto assets,” she said. “What looks like at the start of a new wave of movement will be motivated by new and old factors. And it will be stimulated by a greater potential investor pool.”
