Bitcoin briefly set a new all-time high on Monday, pushing miner stocks sharply higher as traders priced in more gains before year-end.
The top cryptocurrency tapped $126,200 according to The Block’s price data, slightly edging out Sunday’s peak of $125,250. The move came as options markets saw a surge in open interest on calls targeting $140,000, according to Bloomberg.
That momentum lifted bitcoin mining stocks across the board. Hive Digital surged 23%, followed by Bitfarms with a 14% gain, Riot Platforms up 10%, and MARA and CleanSpark both advancing about 7% according to The Block’s price page.
Behind the rally is a combination of bullish bitcoin momentum and improving fundamentals across the mining sector. Firms like Hive, Marathon, and CleanSpark have all ramped up their hashrate capacity in recent months, while also expanding their bitcoin treasuries.
MARA and CleanSpark have beefed up their bitcoin holdings to over 52,000 BTC and 13,000 BTC, respectively, while firms like Hive recently hit new monthly production highs.
Bullish bitcoin drivers
Market watchers pointed to a confluence of macro and structural drivers behind these moves.
Jean-David Péquignot, chief commercial officer at Deribit by Coinbase, said that Bitcoin ticking higher was fueled by “a perfect storm of macroeconomic tailwinds,” including the U.S. government shutdown, record spot ETF inflows, and declining exchange supplies.
“ETF demand is squeezing supply, while seasonal optimism and geopolitical agitation position BTC as a prime hedge against inflation,” Péquignot wrote in an email. He added that technical indicators like RSI and recent chart structure point to potential targets of $128,000 to $130,000 by mid-October, with implied volatility ticking up modestly in short-term options as traders layer in bullish positions.
Bitcoin’s price run has also been supported by record spot ETF inflows. U.S. bitcoin ETFs pulled in $3.2 billion last week, their second-highest total since launching in early 2024, according to The Block ETF data.
The price of bitcoin traded around $125,239 at publication time, up 1.8% over the past 24 hours. In that timespan, the world’s foremost cryptocurrency generated $68.2 billion of trading volume.
Of note, the total cryptocurrency market capitalization reached a new all-time high of $4.29 trillion over the weekend, a 23% year-to-date increase.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
