ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
The post Bitcoin’s Record Rally Ends Amid Institutional Profit-Taking appeared on BitcoinEthereumNews.com. Key Points: Bitcoin hits record high, followed by profit-taking, impacting price. BTC price decline after traders’ profits. Institutional involvement drives market volatility. Bitcoin’s price saw a sharp correction on October 7, 2023, after hitting a record high, as traders capitalized on profit-taking amidst strong institutional participation. The downturn highlights pressures from market sentiment shifts and regulatory changes, with potential impacts on Bitcoin’s pricing dynamics and correlated assets like gold and Ethereum. Bitcoin Price Dips After Hitting $123K Milestone Bitcoin experienced a significant price correction after reaching a historic high. The record high was driven by seasonal momentum and institutional demand, as noted by James Madden, trading director at Deus X Pay, emphasizing the role of macroeconomic factors in the Bitcoin reaches record highs; sustainability questioned. The immediate implications include potential market instability due to large-scale profit-taking. Macroeconomic conditions, such as expectations of U.S. Federal Reserve rate cuts, contributed to this fluctuation and appear to have supported the initial rally. “Stubbornly high inflation … and government borrowing on the rise … has led to what is known as a ‘debasement trade’, where investors pile cash into so-called ‘hard’ assets like Bitcoin and gold instead.” – Max Shannon, Senior Associate, Bitwise October Trends Show Bitcoin Volatility and Institutional Influence Did you know? Historically, Bitcoin tends to rise in October, with institutional sentiment and regulatory updates playing major roles in price trends. According to CoinMarketCap data, Bitcoin now costs $123,554.51, and its market cap stands at 2.46 trillion, dominating 58.11% of the market. Trading volume surged to 69.14 billion, marking an 18.78% increase. Observed over the last seven days, Bitcoin’s price jumped by 8.75%. The circulating supply is nearly 19,931,250. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:25 UTC on October 7, 2025. Source: CoinMarketCap Insights from Coincu research suggest that recent institutional… The post Bitcoin’s Record Rally Ends Amid Institutional Profit-Taking appeared on BitcoinEthereumNews.com. Key Points: Bitcoin hits record high, followed by profit-taking, impacting price. BTC price decline after traders’ profits. Institutional involvement drives market volatility. Bitcoin’s price saw a sharp correction on October 7, 2023, after hitting a record high, as traders capitalized on profit-taking amidst strong institutional participation. The downturn highlights pressures from market sentiment shifts and regulatory changes, with potential impacts on Bitcoin’s pricing dynamics and correlated assets like gold and Ethereum. Bitcoin Price Dips After Hitting $123K Milestone Bitcoin experienced a significant price correction after reaching a historic high. The record high was driven by seasonal momentum and institutional demand, as noted by James Madden, trading director at Deus X Pay, emphasizing the role of macroeconomic factors in the Bitcoin reaches record highs; sustainability questioned. The immediate implications include potential market instability due to large-scale profit-taking. Macroeconomic conditions, such as expectations of U.S. Federal Reserve rate cuts, contributed to this fluctuation and appear to have supported the initial rally. “Stubbornly high inflation … and government borrowing on the rise … has led to what is known as a ‘debasement trade’, where investors pile cash into so-called ‘hard’ assets like Bitcoin and gold instead.” – Max Shannon, Senior Associate, Bitwise October Trends Show Bitcoin Volatility and Institutional Influence Did you know? Historically, Bitcoin tends to rise in October, with institutional sentiment and regulatory updates playing major roles in price trends. According to CoinMarketCap data, Bitcoin now costs $123,554.51, and its market cap stands at 2.46 trillion, dominating 58.11% of the market. Trading volume surged to 69.14 billion, marking an 18.78% increase. Observed over the last seven days, Bitcoin’s price jumped by 8.75%. The circulating supply is nearly 19,931,250. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:25 UTC on October 7, 2025. Source: CoinMarketCap Insights from Coincu research suggest that recent institutional…

Bitcoin’s Record Rally Ends Amid Institutional Profit-Taking

Author: BitcoinEthereumNewsSource: BitcoinEthereumNews
2025/10/07 16:29
COM
COM$0.00446-6.65%
Bitcoin
BTC$90,159.93+0.43%
Wink
LIKE$0.003917+15.27%
Union
U$0.002499+3.82%
RISE
RISE$0.003681+0.40%
Key Points:
  • Bitcoin hits record high, followed by profit-taking, impacting price.
  • BTC price decline after traders’ profits.
  • Institutional involvement drives market volatility.

Bitcoin’s price saw a sharp correction on October 7, 2023, after hitting a record high, as traders capitalized on profit-taking amidst strong institutional participation.

The downturn highlights pressures from market sentiment shifts and regulatory changes, with potential impacts on Bitcoin’s pricing dynamics and correlated assets like gold and Ethereum.

Bitcoin Price Dips After Hitting $123K Milestone

Bitcoin experienced a significant price correction after reaching a historic high. The record high was driven by seasonal momentum and institutional demand, as noted by James Madden, trading director at Deus X Pay, emphasizing the role of macroeconomic factors in the Bitcoin reaches record highs; sustainability questioned.

The immediate implications include potential market instability due to large-scale profit-taking. Macroeconomic conditions, such as expectations of U.S. Federal Reserve rate cuts, contributed to this fluctuation and appear to have supported the initial rally.

Did you know? Historically, Bitcoin tends to rise in October, with institutional sentiment and regulatory updates playing major roles in price trends.

According to CoinMarketCap data, Bitcoin now costs $123,554.51, and its market cap stands at 2.46 trillion, dominating 58.11% of the market. Trading volume surged to 69.14 billion, marking an 18.78% increase. Observed over the last seven days, Bitcoin’s price jumped by 8.75%. The circulating supply is nearly 19,931,250.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:25 UTC on October 7, 2025. Source: CoinMarketCap

Insights from Coincu research suggest that recent institutional dynamics and regulatory changes in the UK could trigger further market shifts with FCA’s decision to allow ETNs. Circular market patterns may lead to increased liquidity, benefiting retail investors significantly.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/markets/bitcoin-record-rally-profit-taking/

Market Opportunity
null Logo
null Price(null)
--
----
USD
null (null) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

Presale crypto tokens have become some of the most active areas in Web3, offering early access to projects that blend culture, finance, and technology. Investors are constantly searching for the best crypto presale to buy right now, comparing new token presales across different niches. MAXI DOGE has gained attention for its meme-driven energy, but early [...] The post MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities appeared first on Blockonomi.
Share
Blockonomi2025/09/18 00:00
Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

The Bank of Canada lowered its overnight rate to 2.5% on Wednesday, responding to mounting economic damage from US tariffs and a slowdown in hiring. The quarter-point cut was the first since March and met predictions from markets and economists. Governor Tiff Macklem, speaking in Ottawa, said the decision was unanimous. “With a weaker economy […]
Share
Cryptopolitan2025/09/17 23:09
Edges higher ahead of BoC-Fed policy outcome

Edges higher ahead of BoC-Fed policy outcome

The post Edges higher ahead of BoC-Fed policy outcome appeared on BitcoinEthereumNews.com. USD/CAD gains marginally to near 1.3760 ahead of monetary policy announcements by the Fed and the BoC. Both the Fed and the BoC are expected to lower interest rates. USD/CAD forms a Head and Shoulder chart pattern. The USD/CAD pair ticks up to near 1.3760 during the late European session on Wednesday. The Loonie pair gains marginally ahead of monetary policy outcomes by the Bank of Canada (BoC) and the Federal Reserve (Fed) during New York trading hours. Both the BoC and the Fed are expected to cut interest rates amid mounting labor market conditions in their respective economies. Inflationary pressures in the Canadian economy have cooled down, emerging as another reason behind the BoC’s dovish expectations. However, the Fed is expected to start the monetary-easing campaign despite the United States (US) inflation remaining higher. Investors will closely monitor press conferences from both Fed Chair Jerome Powell and BoC Governor Tiff Macklem to get cues about whether there will be more interest rate cuts in the remainder of the year. According to analysts from Barclays, the Fed’s latest median projections for interest rates are likely to call for three interest rate cuts by 2025. Ahead of the Fed’s monetary policy, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto Tuesday’s losses near 96.60. USD/CAD forms a Head and Shoulder chart pattern, which indicates a bearish reversal. The neckline of the above-mentioned chart pattern is plotted near 1.3715. The near-term trend of the pair remains bearish as it stays below the 20-day Exponential Moving Average (EMA), which trades around 1.3800. The 14-day Relative Strength Index (RSI) slides to near 40.00. A fresh bearish momentum would emerge if the RSI falls below that level. Going forward, the asset could slide towards the round level of…
Share
BitcoinEthereumNews2025/09/18 01:23

Trending News

More

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

Edges higher ahead of BoC-Fed policy outcome

Sony bets on color customization for Linkbuds Clip to beat Apple’s white AirPods

Exclusive interview with Smokey The Bera, co-founder of Berachain: How the innovative PoL public chain solves the liquidity problem and may be launched in a few months

Quick Reads

More

Silver Price Breaks $93 Record High! MEXC SILVER Futures Upgrade: Zero Fees + 100x Leverage + Copy Trading & Grid Trading Complete Guide

Microsoft (MSFTON) Bullish Price Prediction

MEXC Flip Fest Trading Event Deep Dive: How to Share the 5 Million USDT Prize Pool in 2026

Microsoft (Ondo Tokenized Stock) (MSFTON) Short-Term Price Prediction

Amazon (AMZNON) Price Prediction: Market Forecast and Analysis

Crypto Prices

Bitcoin Logo

Bitcoin

BTC

$90,156.74
$90,156.74$90,156.74

-0.14%

Ethereum Logo

Ethereum

ETH

$3,030.88
$3,030.88$3,030.88

+0.93%

Solana Logo

Solana

SOL

$131.27
$131.27$131.27

+0.62%

XRP Logo

XRP

XRP

$1.9810
$1.9810$1.9810

+1.17%

Binance Coin Logo

Binance Coin

BNB

$889.02
$889.02$889.02

-0.40%