Bitcoin Soars as Investors Eye $100,000 Target

Investors have warmed up to Bitcoin since mid-August, propelling its price upward. As of September 29, the cryptocurrency has skyrocketed more than 1,600,000% over the past 15 years.

A $10,000 investment made in Bitcoin back then would be worth nearly $164 million today. However, volatility is a concern, with Bitcoin trading at roughly $84,171 after reaching its low point in 2026 on July 1, being 53% off its peak.

Historical data suggests that the stock market and Bitcoin have a strong positive correlation. October and November during a midterm election year are typically the S&P 500 index's two highest-returning months, which could bode well for Bitcoin's prospects in the near term.