Bitcoin Hits New All-Time High Above $126,000
Bitcoin prices have surged to new heights, with the cryptocurrency reaching an all-time high above $126,000. This rapid rise is driven by strong institutional demand, a weakening US dollar, and investors seeking a hedge against inflation and government instability.
On October 6, 2025, Bitcoin's price broke another record, climbing above $126,279 on the Coinbase BTC/USD pair. This remarkable feat comes amidst increased institutional demand, with U.S. spot Bitcoin ETFs seeing total inflows of around $307 million in a single day. The U.S. government shutdown also played a role, as some investors moved money into alternative assets like Bitcoin.
Bitcoin's energy consumption and environmental impact remain significant concerns. Mining Bitcoin uses around 175 to 180 terawatt-hours (TWh) of electricity each year, producing about 98 million tonnes of CO2 emissions annually. Each Bitcoin transaction generates hundreds of kilograms of CO2, roughly equivalent to driving a gasoline car for more than 1,000 miles. However, parts of the Bitcoin industry are shifting towards cleaner energy sources, with about 52% of Bitcoin's power mix expected to come from renewable or low-carbon sources by mid-2025.
Despite its environmental footprint, Bitcoin continues to attract investors seeking a hedge against inflation and government instability. Strong inflows into Bitcoin ETFs and market momentum are driving its price increase. As Bitcoin's price reaches new heights, so too does the need for sustainable mining practices.
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