Catenaa, Sunday, October 6, 2025- Last week Bitcoin surged to a fresh all-time high of $126,200 on Monday, driving sharp gains in mining stocks as traders bet on continued upside before year-end.
Hive Digital led the rally with a 23% jump, followed by Bitfarms up 14%, Riot Platforms up 10%, and MARA and CleanSpark advancing roughly 7%, according to market data.
The surge reflects a combination of bullish bitcoin momentum, expanding miner fundamentals, and strong institutional demand.
Hive, Marathon, and CleanSpark have recently increased hashrate capacity and boosted bitcoin treasuries, with MARA and CleanSpark holding over 52,000 BTC and 13,000 BTC, respectively. Hive also recorded new monthly production highs.
Market analysts cited multiple drivers behind the rally, including the US government shutdown, record spot ETF inflows, and declining exchange supplies, creating a “perfect storm” of macroeconomic tailwinds.
Technical indicators suggest potential targets between $128,000 and $130,000 by mid-October, supported by a modest rise in short-term options implied volatility.
Institutional interest has surged, with US bitcoin ETFs attracting $3.2 billion last week, the second-highest weekly total since early 2024.
Trading volume for bitcoin reached $68.2 billion over the past 24 hours, while total crypto market capitalization climbed to a new all-time high of $4.29 trillion over the weekend, a 23% year-to-date increase.
The combination of strong fundamentals, ETF demand, and macro tailwinds is reinforcing optimism in the mining sector and broader cryptocurrency market, as miners continue to expand operations and investors weigh bitcoin as an inflation hedge.
