Bitcoin Rockets to Nearly $124K, But Falls Short of Breaking Record
"Uptober" is off to a roaring start. Bitcoin shot up in price Friday afternoon, rapidly spiking from a price of about $120,000 to a recent peak of $123,855-but fell just short of breaking the all-time price record. Bitcoin was recently trading for $122,346 after giving up some of the gains. It's up 1.3% on the day, and more than 11% over the last week according to CoinGecko. The previous record of $124,128 was set in mid-August, per CoinGecko. Friday's spike marked the closest that Bitcoin has come to matching that mark since then. Bitcoin dropped below $108,000 per coin in September as the biggest digital coin started "showing signs of exhaustion," according to Glassnode analysts, as long-term holders took profits and ETF flows slowed down. But October-dubbed Uptober by traders-has started with a bang. Nine out of the past 10 years have been strong for the cryptocurrency. Traders betting against Bitcoin's rise have been burned over...
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