Bitcoin hits all-time high as exchange-traded funds see inflow

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Bitcoin hits all-time high as exchange-traded funds see inflow

Published: 05 Oct. 2025, 17:44 Updated: 05 Oct. 2025, 18:06

WOO JI-WON
[email protected]

A screen displays Bitcoin trading data at a lounge in Seoul on Oct. 2. [YONHAP]

Bitcoin hit a new all-time high.

The cryptocurrency climbed as high as $125,689 during Asian trading on Saturday, according to Bloomberg, surpassing its previous record of $124,514 set on Aug. 14.

Bitcoin has risen more than 30 percent so far this year.

It traded below the $110,000 mark on Sept. 28 before entering a rapid rally that extended its upward trend.

Bloomberg attributed the surge to the strong performance of the U.S. stock market and increased inflows into Bitcoin-linked exchange-traded funds.

Investors also expect the ongoing partial shutdown of the U.S. federal government to increase demand for safe-haven assets.

Bloomberg noted that investor sentiment has been further buoyed by the so-called Uptober effect — a pattern in which Bitcoin has historically recorded strong gains every October.

BY WOO JI-WON [[email protected]]