Bitcoin Soared: Bitcoin cryptocurrency price surpassed ₹11,100,000... Set a new record, will the value rise further?

Bitcoin Hits ₹1.11 Crore Mark, Surpasses Amazon in Market Value – Will the Rally Continue?

New Delhi, Oct 5, 2025 – Bitcoin, the world’s largest cryptocurrency, has once again set a new record. On Sunday, its price soared past $125,000 (around ₹1.11 crore per Bitcoin), leaving investors excited and raising questions about how much higher it can climb. Over the past seven days, Bitcoin has delivered extraordinary returns, reaffirming its position as the leader of the digital asset market.

Bitcoin Sets New Record High

According to market data, Bitcoin touched $125,689 on Sunday, surpassing its previous record of $124,514 set on August 14. Analysts attribute this surge to a mix of global economic uncertainty and rising investor interest in crypto-related ETFs.

In the United States, concerns about the government shutdown pushed investors toward safer assets. Traditionally, gold and bonds benefit from such moves, but this time Bitcoin has emerged as a preferred choice. Market experts are calling it part of the “Debasement Trade” – a trend where investors move their capital into assets that are considered protection against the devaluation of the US dollar.

Not Just Bitcoin – Other Assets Surge Too

Joshua Lim, Co-Head of Markets at FalconX, told Bloomberg that it isn’t just Bitcoin seeing a rally. Stocks, gold, and even collectibles like Pokémon cards have reached record levels. “It’s no surprise that Bitcoin is benefiting from the dollar devaluation narrative,” he said.

October: ‘Uptober’ for Bitcoin

Crypto enthusiasts often call October “Uptober”, as historically this month has favored Bitcoin. In the past decade, Bitcoin has recorded gains in nine out of ten Octobers. This year is no exception – with Bitcoin’s value jumping more than 30% in just a few weeks, the bullish trend seems to be continuing.

Institutional Interest Boosts Confidence

One of the major factors behind Bitcoin’s rally is institutional adoption. Companies like Michael Saylor’s Strategy are actively accumulating Bitcoin as a part of their reserves. This has inspired other firms to consider similar moves, adding further legitimacy to the cryptocurrency.

As Bitcoin shines, Ethereum (Ether) and other digital assets are also attracting fresh investor interest, signaling broader confidence in the crypto market.

Massive Returns in 7 Days

For investors, the past week has been highly rewarding. In just 24 hours, Bitcoin gained nearly 2%, while the seven-day return was around 15%. This sharp upward movement has once again highlighted Bitcoin’s role as both a speculative and a hedge asset.

Bitcoin Overtakes Amazon in Market Cap

In another milestone, Bitcoin’s market capitalization has now crossed $2.4 trillion, overtaking Amazon’s $2.37 trillion market cap. This achievement makes Bitcoin the seventh most valuable asset in the world, moving closer to global giants like Apple, Microsoft, Saudi Aramco, and gold.

This leap further strengthens the narrative that cryptocurrencies are no longer a fringe investment but are now competing with some of the largest corporations and commodities globally.

Will Bitcoin Go Higher?

According to Bloomberg, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered PLC, believes the US government shutdown could further support Bitcoin’s upward movement.

He noted that during the last shutdown in 2018–2019, Bitcoin was not yet aligned with traditional safe-haven assets. But today, it has grown into a mainstream hedge against financial instability, making it well-positioned to rise further if the crisis persists.

The Road Ahead

With strong institutional support, historical October trends, and global financial uncertainty, many analysts remain bullish on Bitcoin. However, experts also caution that volatility is inherent in cryptocurrency markets, and sudden corrections are always possible.

For now, though, Bitcoin’s rally past ₹1.11 crore per coin and its rise above Amazon’s market cap have cemented its place as one of the world’s most valuable assets. Investors and traders are now watching closely to see whether Bitcoin can continue its momentum and challenge even bigger milestones in the weeks ahead.