[LIVE] Crypto News Updates, Why Crypto Market is Up Today? Oct-7th

**Cryptocurrency Market Surges as Bitcoin Hits New All-Time High Above $124,000**

The cryptocurrency market experiences significant bullish momentum today, with Bitcoin (BTC) trading at $124,400, marking a 1.14% daily gain following yesterday's historic all-time high breakthrough. Despite minor resistance levels, Bitcoin continues demonstrating strong market dominance in the digital asset space.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, shows steady growth with a 1.03% increase to $4,580, though exhibiting comparatively weaker bullish momentum than Bitcoin. The broader crypto market reflects positive sentiment across major blockchain networks.

Altcoin performance varies significantly, with Mantle (MNT) emerging as today's top performer, surging an impressive 9%. Binance Coin (BNB) delivers strong returns with a 5.94% gain, while Hedera (HBAR) posts modest growth at 1.51%.

This cryptocurrency rally highlights renewed investor confidence in digital assets and blockchain technology. Market analysts attribute the upward momentum to institutional adoption, DeFi protocol developments, and growing mainstream cryptocurrency acceptance. The sustained price action across multiple cryptocurrencies suggests a broader market recovery, positioning the crypto ecosystem for continued growth and innovation.