Bitcoin experienced a significant rebound, climbing back above the $123,000 mark, driven largely by a resurgence among cryptocurrency miners who are becoming more active and optimistic. This positive momentum in the cryptocurrency market has caught the attention of investment firms, including VanEck, which has projected that Bitcoin could potentially reach an astonishing price of $644,000. Their optimistic outlook is further bolstered by recent gains in the gold market, which traditionally influences investor sentiment in the realm of alternative assets like Bitcoin.
source: https://www.coindesk.com/markets/2025/10/08/bitcoin-rebounds-above-usd123k-as-miners-rally-vaneck-sees-usd644k-btc-amid-gold-gains