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- Debashree Patra
Debashree Patra
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Oct 07, 2025 08:17 UTC
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Why is Bitcoin Price Up Today?
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BTC $ 123,651.68 (-0.17%) 
Bitcoin jumps past $124K as U.S. Strategic Bitcoin Reserve optimism, tech stock rallies, and institutional demand fuel a bullish 2025 outlook.
Investors eye Bitcoin as a safe haven amid U.S. shutdowns and weak dollar, with ETFs and derivatives bets pushing BTC toward $140K+.
Bitcoin continues to dominate headlines as it breaks past $124,000, fueled by renewed optimism surrounding the U.S. Strategic Bitcoin Reserve (SBR). This excitement follows Senator Cynthia Lummis’s remarks that funding for the reserve “can start anytime,” a move widely seen as a major step toward legitimizing government-backed Bitcoin initiatives. Analysts and traders suggest this could trigger significant institutional Bitcoin demand, potentially driving BTC into uncharted price territory.
Tech Stock Rally Boosts Bitcoin Price Momentum in 2025
Market analyst Kim H. Wong highlights that Bitcoin’s latest surge is partially riding the coattails of tech stock momentum, especially from companies impacted by AMD and OpenAI developments. Historically, Bitcoin often mirrors trends in the tech-heavy U.S. stock market, meaning bullish equity movements can lift cryptocurrency markets. This renewed risk appetite has helped Bitcoin overcome key resistance levels, reinforcing its correlation with tech-driven market optimism.
Bitcoin Emerging as a Safe-Haven Asset Amid U.S. Government Shutdown
Investor confidence in traditional markets has been shaken by the recent U.S. government shutdown, prompting more individuals to view Bitcoin as a store of value and hedge against economic instability. Wong notes that Bitcoin’s safe-haven role is increasingly compared to gold, signaling its rising adoption as a reliable alternative investment in times of fiscal uncertainty.
Institutional Bitcoin Investment Fuels Mainstream Adoption and Rally
Institutional inflows into U.S. spot Bitcoin ETFs are another driving force behind BTC’s surge. According to Wong, this growing institutional adoption is validating Bitcoin as a mainstream financial asset, even amid lingering regulatory uncertainty. Analysts believe that continued ETF investments could further accelerate Bitcoin’s upward trajectory.
Weak U.S. Dollar and Derivatives Bets Amplify Bitcoin Appeal
A weakening U.S. dollar is adding to Bitcoin’s attractiveness as an inflation hedge, while derivatives traders are targeting higher strike prices, including $140,000 calls. These bets indicate growing confidence in Bitcoin’s next price rally, potentially reinforcing its long-term bullish trend.
Bitcoin Price Targets in 2025
From a technical perspective, Bitcoin’s breakout above $124,500 has triggered renewed buying momentum. Wong projects potential new all-time highs near $140,000, while Michaël van de Poppe describes the current range as a healthy consolidation phase before a push toward $150,000. Analysts suggest dips below $121,000 may present prime entry points for Bitcoin investors.
Despite the bullish sentiment, gold advocate Peter Schiff remains skeptical, calling Bitcoin’s surge a bear market rally. He argues that Bitcoin still trails gold’s historical performance, which reached $4,000 per ounce, and claims that BTC would need to reach $148,000 to match gold’s relative gains, asserting that gold remains the more reliable hedge in a volatile macroeconomic environment.
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FAQs
Analysts project Bitcoin could reach $140,000 to $150,000, citing strong institutional demand and a bullish technical breakout above the $124,500 resistance level.
Many investors view Bitcoin as a digital safe-haven, similar to gold, during fiscal instability like a government shutdown, boosting its appeal as a hedge.
Gold advocates like Peter Schiff argue gold is more reliable, while many investors now see Bitcoin as a modern digital hedge with significant growth potential amid tech rallies.
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