Bitcoin Reaches Record High Above $125,000, Market Value Nears $2.5 Trillion

Bitcoin rose to $125,400 late Friday, its highest level on record, before easing to around $123,000 on Saturday. The price increase lifted the token’s market capitalization to about $2.45 trillion, according to CoinMarketCap data. The total value of all cryptocurrencies is now estimated at $4.21 trillion.

The previous record of $124,480, reached in August, had stood for nearly two months. Bitcoin’s value has risen by more than 50 percent since April, when it traded below $80,000, following stronger inflows from institutional investors and steady demand through newly listed crypto exchange-traded funds.

Price data show consistent accumulation since early summer, supported by higher volumes across major exchanges. Trading activity has accelerated since the end of September, coinciding with a shift toward risk assets in global markets.

A research note from JPMorgan on October 1 linked the increase in demand to what it called a “debasement hedge,” as investors sought protection from heavy government borrowing, persistent fiscal deficits, and a weaker dollar. The note said both gold and Bitcoin have attracted capital under similar conditions.

Recent product launches have also strengthened confidence in digital assets. Spot Bitcoin ETFs introduced this year have expanded access to regulated investment channels, while several corporations have begun integrating crypto holdings into their treasury management strategies.

At its current market value, Bitcoin is comparable in size to major U.S. technology firms such as Amazon and Alphabet, placing it among the largest financial assets globally. The cryptocurrency is now trading in a narrow range near $123,000, with volumes indicating continued investor participation as the fourth quarter begins.

Also Read: Bitcoin Could Reach $135,000 Soon, Says Standard Chartered