What events caused bitcoin’s price to reach over $126,000 in October 2025?
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.
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