With Bitcoin hitting a new ATH at $125,388, BTC funds are setting new records
As Bitcoin continues to climb major milestones, breaking a new all-time high at $125,388 on October 5th, industry experts are increasingly making bullish predictions for the leading cryptocurrency. On October 6th, Hougan expressed confidence in the sustained institutional demand for Bitcoin, suggesting that the total assets under management held by Bitcoin funds worldwide could eventually surge to $1 trillion.
Bitcoin Hits All-Time High, XRP Next? Ripple CEO Confirms Next Stage, Shiba Inu Massive Fight Begins — Crypto News DigestThe milestone, shared by the Bitwise Managing Director, highlights the accelerating demand for Bitcoin among institutional investors. In less than two years since their launch, global Bitcoin AUMs have more than quadrupled since early 2024. During this period, Bitcoin has recorded a remarkable price growth of over 100% in the past year, gaining significant traction among both retail and institutional investors.On Sunday, October 5th, Bitcoin reached a record-breaking high of $125,388, as the broader crypto market experienced a sharp resurgence amid the strong “Uptober” rally. The milestone has reignited interest among skeptics while further boosting investor confidence. However, analysts have warned of a possible short-term price correction, which could temporarily slow momentum. Still, many market watchers believe Bitcoin could maintain its uptrend and set new highs if it manages to hold above the $124,000 level on the weekly chart. With this new ATH achieved at the very start of the “Uptober” bull run, several analysts are predicting the possibility of Bitcoin reaching $150,000 before the end of the year.Pixel-Streamed AAA for Everyone: SACHI Brings High-End Gaming to Any Screen, Instantly
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