Summary:
- The article discusses the recent surge in Bitcoin's price, which has reached over $120,000. This is a significant milestone for the cryptocurrency, as it marks the beginning of "Uptober," a period when Bitcoin has historically seen strong price increases.
- The article explains that the recent price surge is likely due to increased institutional adoption and the anticipation of a Bitcoin exchange-traded fund (ETF) being approved in the United States.
- The article also mentions that the overall cryptocurrency market has seen a positive start to the month, with other major cryptocurrencies like Ethereum also experiencing price increases.