Bitcoin hit a new all-time high on October 6, reaching US$126.2 billion before retreating slightly, according to The Block.

The move lifted mining stocks, with Hive Digital up 23%, Bitfarms up 14%, Riot Platforms up 10%, and both Marathon and CleanSpark advancing around 7%.

Bitcoin options markets saw increased open interest on calls for US$140,000, while US spot bitcoin ETFs reported US$3.2 billion in inflows last week, their second-highest total since early 2024.

Bitcoin was trading near US$125,239 at publication, up 1.8% in 24 hours, with US$68.2 billion in trading volume.

Total cryptocurrency market capitalization reached a record US$4.3 trillion over the weekend, up 23% year-to-date.

Recent gains in bitcoin mining stocks follow increased hashrate capacity and expanded bitcoin holdings among firms like Hive, Marathon, and CleanSpark.

🔗 Source: The Block