Bitcoin Just Hit An All-Time High, Analysts See More Gains

The Bitcoin train seems to never, ever stop.

Bitcoin reached an all-time high today, surging past its previous all-time high of $124,466. Bitcoin climbed more than 13% over the past week, quickly rebounding from $109,000 at the end of September to touch $125,750 today, according to Bitcoin Magazine Pro data.

The last time bitcoin was close to these levels was in August. 

There are several key drivers for the bullish reversal. Macroeconomic uncertainty — including the ongoing U.S. government shutdown — has led investors toward alternatives like bitcoin, historically seen as a hedge against traditional financial risks. 

Geoffrey Kendrick, head of digital assets at Standard…

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