Bitcoin has hit a new record high, surpassing the $125,000 mark for the first time in its history.
October is traditionally a strong month for the cryptocurrency, and this upward trend has been further fuelled by broader adoption of virtual currencies and a more favourable regulatory environment.
Compared to the same period last year, Bitcoin has doubled in value, and experts believe it could rise even further by the end of the year.
For many crypto investors, Bitcoin has now become a safe-haven asset, much like gold.
Analysts say the recent surge has been driven by speculation that the Federal Reserve may soon cut interest rates.
