Bitcoin Price Smashes Records With Surge to $126K New ATH
Bitcoin’s market cap hit $2.5 trillion.
After nearly two months of extended consolidation period, in which BTC even dipped below $110K on several occasions, the asset has gone on a tear in the past week and just broke its August all-time high.
The cryptocurrency rocketed to just under $126K on Binance during the early trading hours of Sunday. Recall that bitcoin went on a roll during the summer when it topped $124K in August. What followed was a somewhat expected correction and consolidation.
September was volatile with a peak of $118K after the US Fed reduced the interest rates. However, that was short-lived and BTC dumped below $109K a week later. Its recovery began…
