Bitcoin Smashes All-Time High: Bulls Eager to Strike, But Risks Lurk

Bitcoin Surges to New Record High, Dominance Rate Rises On October 6, 2025, at 11:15 a.m. ET, Bitcoin (BTC) reached an all-time high of $124,594.30, marking a significant milestone in the cryptocurrency's price history. This fresh record brings firepower for bulls, but with one caveat. Timeline of Events October 6, 2025, 11:15 a.m. ET: Bitcoin reaches new record high of $124,594.30. The dominance rate of Bitcoin ticked up, signaling a shift in market bias towards the top cryptocurrency. Immediate Impact and Response The sudden surge has sparked excitement among investors and traders, with many calling it a "fresh bias" towards Bitcoin. However, experts caution that this development should be viewed with caution, as market trends can shift rapidly. Background Context Bitcoin's price has been steadily increasing over the past year, driven by growing adoption and institutional investment. The cryptocurrency's dominance rate has also been on the rise, indicating a strengthening position in the market. What Happens Next As Bitcoin continues to break records, investors and traders are left wondering what's next for the cryptocurrency. Will this fresh record be a catalyst for further growth, or will market sentiment shift? Only time will tell. *This story is developing. Information compiled from Coindesk reporting.*