Bitcoin, the world’s largest cryptocurrency by market capitalisation, climbed to a new all-time high on Sunday, crossing the $125,000 mark for the first time. The digital asset was trading at around $125,245 at 5:12 GMT, up nearly 2.7% over the previous day.
The latest rally extends Bitcoin’s winning streak to eight sessions, supported by renewed institutional inflows and a positive risk sentiment across global markets. Analysts attribute the momentum to robust participation in Bitcoin exchange-traded funds (ETFs) and supportive policy signals from the U.S. administration.
The previous peak of $124,480, set in mid-August, came after U.S. President Donald Trump’s administration adopted a more accommodating stance toward cryptocurrency regulation – a shift that encouraged broader participation by traditional financial institutions.
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Meanwhile, the U.S. dollar weakened on Friday, posting multi-week losses against major currencies amid uncertainty over a potential government shutdown. The delay in key economic data releases, including U.S. payroll figures, has further clouded investor sentiment and prompted a shift toward alternative assets such as Bitcoin.
With Bitcoin’s continued rally and sustained ETF inflows, market participants are closely watching whether the digital asset can maintain its upward trajectory in a volatile macroeconomic environment.
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Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
