Bitcoin Hits Record $126,198 Amid Strong Market Rally in October 2025

On October 6, 2025, Bitcoin hit a new record price of $126,198, surpassing its mid-August peak of approximately $124,500 and marking a remarkable 34% gain year-to-date for 2025. This surge follows a strong market rally that saw Bitcoin break through the $125,000 threshold, signaling robust momentum in the crypto space.

Market indicators support the bullish sentiment: Bitcoin is trading 17.8% above its 200-day simple moving average (SMA) of $105,880, with the Relative Strength Index (RSI) at 72.8 – a sign of overbought conditions but also indicative of strong buying pressure. The rally is also aligned with historical seasonal trends, as October has averaged a 22% gain for Bitcoin since 2013.

Ethereum has also shown notable strength, trading above $4,700 with a year-to-date increase of 42%, reflecting broad positive sentiment in the cryptocurrency market. Trading volumes are healthy, with $1.85 billion exchanged in a 24-hour period, underscoring active market participation.

In addition to individual cryptocurrencies, the surge in Bitcoin has positively impacted related sectors such as mining stocks. For example, Hive Digital Technologies saw its shares rise by 25%, evidencing growing confidence in crypto infrastructure and mining.

Institutional adoption continues to grow, providing further support for the market's upward trajectory.

For those interested in entering or expanding their crypto portfolio during this bullish period, platforms like Bitlet.app offer valuable solutions. Bitlet.app provides a Crypto Installment service, enabling investors to buy cryptocurrencies now while paying monthly installments, making it easier to manage investment costs without sacrificing exposure to price rallies like the current Bitcoin surge.

Stay updated with the latest crypto trends and leverage platforms like Bitlet.app to maximize your investment opportunities in this exciting market environment.