Bitcoin soared to an all-time high on Sunday, climbing nearly 2.7% to reach $125,245.57 at 0512 GMT — surpassing its previous record of $124,480 set in mid-August.
The surge marks Bitcoin’s eighth consecutive session of gains, driven by renewed optimism in global markets and robust inflows into Bitcoin exchange-traded funds (ETFs). Analysts attribute the rally to supportive regulatory signals from US President Donald Trump’s administration and growing institutional demand.
The cryptocurrency’s recent momentum mirrors the positive sentiment in US equities, with investors increasingly viewing digital assets as a hedge against market uncertainty.
Meanwhile, the US dollar weakened on Friday, hitting multi-week lows against major currencies as fears of a potential government shutdown rattled investor confidence. The uncertainty has also delayed key economic data releases — including non-farm payrolls — leaving traders without critical indicators for assessing the economy’s direction.
Market watchers say the combination of regulatory optimism for crypto and political unease in Washington has helped propel Bitcoin’s rise, reinforcing its image as “digital gold” in turbulent times.