In early Asian trading hours on Sunday, Bitcoin surged past its prior ceiling to register a new all-time high of 124,851, 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.
BeInCrypto Markets data showed that the largest cryptocurrency has appreciated by over 9% this month. Earlier today, it hit a new record peak of 124,851 on Binance. At press time, the coin traded at $124,316, up 2.28% over the past day alone.
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.
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