Bitcoin Surges Past $1.25M Milestone Amid October 'Optobar' Rally
Bitcoin hits an all-time high of $1.25 million after a 10% weekly surge. Experts link the rally to the October 'Optobar' effect and predict further growth into 2025.
Bitcoin Breaks $1.25 Million Barrier Amid October 'Optobar' Surge
Bitcoin has made history yet again—this time by surpassing the $1.25 million mark for the first time. After a 10% price increase last week, the cryptocurrency's sharp rise is fueling bullish sentiment across global markets.
This record-breaking milestone aligns with the well-known 'Optobar' effect—a term in the crypto space referring to Bitcoin's strong performance during October. Historically, the month has brought positive momentum, and 2025 seems to be no exception.
Compared to last year, Bitcoin’s price has doubled, showing significant year-over-year growth. Many analysts believe the bull run isn’t over yet, forecasting even higher prices as we approach the end of 2025.
Adding to the optimism, nearly $15 billion worth of Bitcoin has been withdrawn from major exchanges like Binance and Coinbase in the past two weeks. This mass exodus often signals a long-term holding strategy by investors, reducing circulating supply and potentially driving prices even higher.
With the 'Optobar' trend in full swing, the crypto world watches closely to see just how high Bitcoin can climb.
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