Bitcoin, the flagship cryptocurrency, has recovered the $120,000 level for the first time on Bitfinex Exchange since August 14th.
The major cryptocurrencies are currently changing hands at $120,020 on popular trading platforms, steadily approaching a current record high of $124,128.
Topcoin has seen relentless rally amid ongoing US government closures.
It is worth noting that both the major stock market index, the S&P 500, and Gold, have reached new record highs today, but this is rather unusual. Both risk-on and risk-off assets are gathering amid the hopes of two additional fee reductions in 2025.
How much does Bitcoin get during “Uptober”?
According to Polymarket Bettors, there is a 35% chance that Bitcoin will reach $130,000 this October. At the same time, Bitcoin is expected to exceed $126,000 by the majority of market participants.
There is also a 4% chance that major cryptocurrencies will skyrocket to $150,000 this month.
Currently, there is only 1% chance that Bitcoin will surge to $200,000 within a month.
