Question #101 ·
What events caused bitcoin’s price to reach over $126,000 in October 2025?
- Optimism around U.S. Bitcoin ETF approvals and pro-crypto policies under President Trump Right answer
- Sudden oil supply disruptions globally forced investors into bitcoin as safe haven
- A security hack at Mt Gox drove traders to buy excess bitcoin
Why is this the correct answer?
This is correct because Bitcoin’s surge was driven by positive news that major financial firms were approved to offer Bitcoin exchange-traded funds in the U.S. and by expectations that the Trump administration would enact policies favorable to cryptocurrencies. For beginners, an ETF approval means traditional investors can more easily buy Bitcoin through regulated stock exchanges, which increases demand and drives up the price.