Bitcoin Eases After Hitting Fresh Record High
October 7, 2025
Bitcoin pulled back as traders took 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 said 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, Madden said.
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