Bitcoin Eases After Hitting Fresh Record High -- Market Talk

Dow Jones

Oct 07

0700 GMT - Bitcoin pulls back as traders take profits after the cryptocurrency reached a fresh record high in the previous session. The earlier rally was driven by institutional demand, macroeconomic tailwinds and seasonal momentum, Deus X Pay director of trading James Madden says in a note. Spot exchange-traded fund inflows reached $3.2 billion for the week ended October 3. Macroeconomic factors include bets for further Federal Reserve interest-rate cuts and bitcoin's rising correlation to gold prices amid the U.S. government shutdown, he says. Bitcoin has also historically tended to rise in October. Bitcoin falls 1.1% to $123,923 after reaching a high of $126,223 on Monday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

October 07, 2025 03:00 ET (07:00 GMT)

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The earlier rally was driven by institutional demand, macroeconomic tailwinds and seasonal momentum, Deus X Pay director of trading James Madden says in a note. Spot exchange-traded fund inflows reached $3.2 billion for the week ended October 3. Macroeconomic factors include bets for further Federal Reserve interest-rate cuts and bitcoin's rising correlation to gold prices amid the U.S. government shutdown, he says. Bitcoin has also historically tended to rise in October. Bitcoin falls 1.1% to $123,923 after reaching a high of $126,223 on Monday, LSEG data show. 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The earlier rally was driven by institutional demand, macroeconomic tailwinds and seasonal momentum, Deus X Pay director of trading James Madden says in a note. Spot exchange-traded fund inflows reached $3.2 billion for the week ended October 3. Macroeconomic factors include bets for further Federal Reserve interest-rate cuts and bitcoin's rising correlation to gold prices amid the U.S. government shutdown, he says. Bitcoin has also historically tended to rise in October. Bitcoin falls 1.1% to $123,923 after reaching a high of $126,223 on Monday, LSEG data show. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2025 03:00 ET (07:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09042","symbol_name":"华夏比特币-U","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2573214937","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573214937","pubTimestamp":1759820400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0700 GMT - Bitcoin pulls back as traders take profits after the cryptocurrency reached a fresh record high in the previous session. The earlier rally was driven by institutional demand, macroeconomic tailwinds and seasonal momentum, Deus X Pay director of trading James Madden says in a note. Spot exchange-traded fund inflows reached $3.2 billion for the week ended October 3. Macroeconomic factors include bets for further Federal Reserve interest-rate cuts and bitcoin's rising correlation to gold prices amid the U.S. government shutdown, he says. Bitcoin has also historically tended to rise in October. Bitcoin falls 1.1% to $123,923 after reaching a high of $126,223 on Monday, LSEG data show. 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Macroeconomic factors include bets for further Federal Reserve interest-rate cuts and bitcoin's rising correlation to gold prices amid the U.S. government shutdown, he says. Bitcoin has also historically tended to rise in October. Bitcoin falls 1.1% to $123,923 after reaching a high of $126,223 on Monday, LSEG data show. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 07, 2025 03:00 ET (07:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}