Happy Mid-Autumn Festival! Bitcoin surged to 125K, setting a new historical high.

Bitcoin (BTC) reached a historic high price of $125,708 at noon on 10/5 in Taiwan, driving the overall crypto market up. The crypto assets were also active over the weekend while everyone was resting, rising 1.87% in 24 hours, with a market capitalization reaching $4.27 trillion.

Bitcoin spot ETF has seen a net inflow for the second consecutive week, with a weekly inflow amounting to 3.24 billion USD, the second highest level since its listing, with the highest being 3.38 billion USD in November last year. This indicates that both institutions and retail investors are continuously increasing their investments.

The U.S. government will shut down starting from October 1 due to the inability of both parties to negotiate an acceptable budget version, and the shutdown is expected to last until next week. During China's National Day holiday and the Mid-Autumn Festival holidays in Taiwan and Hong Kong, Bitcoin has been rising steadily, recently reaching a historical high of $125,708, with up to $127 million in Bitcoin short positions being liquidated within 4 hours.

The crypto market is generally rising, with BNB having already broken a new high yesterday at 1,192 USD. The market seems to be celebrating the Mid-Autumn Festival.

Source: CoinMarketCap

This article celebrates the Mid-Autumn Festival! Bitcoin surges to 125K, setting a new historical high, first appearing on Chain News ABMedia.