Bitcoin has reached a new all-time high of $125,700, driven by the Federal Reserve's recent 0.25% interest rate cut. The surge occurred shortly after midnight ET on October 5, 2025, as market optimism grows with expectations of further rate reductions in the coming months. Additionally, BlackRock's IBIT BTC ETF has surpassed $90 billion in assets under management, reflecting strong institutional interest. In response to these developments, JPMorgan has increased its year-end Bitcoin price target to $165,000, signaling confidence in continued market momentum.