Bitcoin rose to a new record of more than $ 124,500, limiting a five -day rally that marks one of its strongest beginnings until October in the registry.
When quoting well below $ 110,000 last weekend, the crypt has risen almost 15% this week, including approximately 3% in the last 24 hours to the current $ 123,300.
Historically, October has been a strong month for Bitcoin, and this year it seems not to be different as the upward feeling returned in force in the fourth quarter.
From July to September, the price of Bitcoin stagnated to a large extent, quoting in a narrow range and low performance actions and gold, which apparently reached new records daily.
But the impulse has changed.
“This moment is different from the previous ones,” said economist Noelle Acheson, author of The Crypto Is Macro Now Newsletter. In an X publication, Acheson pointed out a combination of strong institutional participation and broader macroeconomic drivers as new forces that shape this cycle.
“In previous cycles we did not have this level of sustained global degradation,” he said, referring to the erosion of the value of the fiduciary currency in the main economies. Along with that, he pointed out that the growing geopolitical uncertainty is encouraging a “gradual pivot away from the US dollar towards global and hard assets”, with Bitcoin positioned as a key beneficiary.
While speculative enthusiasm is often part of cryptographic manifestations, Acheson suggested that this increase is being driven by deeper structural changes, and could have power of permanence. This would be remarkably different from recent records in July and again in August, which met violent victims.
“Fomo is a strong force in the world of cryptographic assets,” he said. “What seems to the beginning of a new wave of impulse will be driven by new and old factors. And it will be promoted by a greater potential group of investors.”
