TLDR
- Bitcoin hit a new all-time high of $125,700 on October 5, 2025, breaking its previous record of $124,290 from August 14
- Analysts predict Bitcoin could reach $150,000 in the coming weeks as a new price discovery phase begins
- Spot Bitcoin ETFs recorded $3.2 billion in inflows last week, marking their second-best week since launch
- The US dollar has fallen over 12% this year and is on track for its worst annual performance since 1973
- Bitcoin has gained 11% in the first five days of October, continuing its strong historical performance during the month
Bitcoin reached a new all-time high of $125,700 on Sunday morning, October 5, 2025. The previous record stood at $124,290, set on August 14.
The cryptocurrency gained 11% in the first five days of October. At publication time, Bitcoin traded at $123,158.
Bitcoin also closed its weekly candle at $123,543, marking its highest weekly close in history. The price surge came during the US government shutdown that began on October 1.
Strong ETF Performance Drives Price
Spot Bitcoin ETFs saw major inflows last week. The funds recorded $3.2 billion in new investments, making it their second-best week since launching.
From September 29 to October 3 (ET), Bitcoin spot ETFs saw a net weekly inflow of $3.24 billion, marking the second-highest weekly inflow in history. Ethereum spot ETFs recorded a total net weekly inflow of $1.3 billion, with all nine ETFs posting positive inflows.… pic.twitter.com/MXpPJa3cP2
— Wu Blockchain (@WuBlockchain) October 6, 2025
Will Clemente, a venture capital investor, said the price movement came from spot ETFs rather than derivatives trading. He noted investors are viewing Bitcoin as a rotation from commodities and small caps.
Jeff Mei, chief operating officer at BTSE exchange, said investors may see Bitcoin as a safe haven during the government shutdown. He explained that monetary pressures are pushing people to diversify away from US dollars and Treasury bonds.
Dollar Weakness Boosts Bitcoin Appeal
The US Dollar Index has dropped over 12% since the start of 2025. The index measures the dollar against a basket of other currencies.
This puts the dollar on track for its worst year since 1973. Mei said the dollar is depreciating and will likely fall further if interest rates decline more.
He added that it makes sense for investors to move capital into other currencies and Bitcoin. The weakening dollar has increased interest in alternative assets.
Analysts See Path to $150,000
Crypto analyst CrediBULL Crypto said Bitcoin has begun its next leg toward $150,000. The analyst expects the cryptocurrency to “blast through” current levels.
We blast through it.
Now that we've made new ATH's in an impulsive manner, the next leg to 150k+ has begun imo.
At this stage- it is anyone's guess how deep of a pullback we may get here at our highs (if any), but just like last time, anything above the lows of the origin of… https://t.co/UXOBiaFetD pic.twitter.com/CKIItoVMCc
— CrediBULL Crypto (@CredibleCrypto) October 5, 2025
CrediBULL Crypto said any pullbacks to the $108,000 to $118,000 range would be buying opportunities. Long-term trader Crypto Chase also predicted a new upward movement is likely.
Hyperliquid whale trader James Wynn said price discovery mode has started. He believes Bitcoin could hit another all-time high within hours.
Charles Edwards from Capriole Investments previously predicted that breaking above $120,000 would lead to a quick move to $150,000. Michaël van de Poppe noted the strength of moving from $110,000 to $125,000 in one week.
Bitcoin has strong October performance historically. The cryptocurrency has posted gains in 10 of the past 12 Octobers and 8 of the past 12 fourth quarters.
Fabian Dori, CIO at Sygnum Bank, said market data suggests recent price action links to an accumulation phase. Selling pressure from long-term holders appears to be easing while short-term investors show signs of stabilization.
