Bitcoin, the world’s largest cryptocurrency by market capitalization, reached a historic milestone on Sunday, surging past its previous record to trade at $125,245.57 at 0512 GMT, marking a 2.7% rise. This new peak surpasses the earlier all-time high of $124,480 recorded in mid-August, which was largely driven by supportive regulations introduced under US President Donald Trump’s administration, along with robust interest from institutional investors.
The cryptocurrency’s rally has been further strengthened by consistent gains, with Friday marking its eighth consecutive session of growth. Analysts attribute this momentum to inflows into bitcoin exchange-traded funds (ETFs) and parallel strength in US equities, which have encouraged greater investor confidence in risk assets like cryptocurrencies.
Meanwhile, the US dollar faced setbacks, declining on Friday and posting multi-week losses against major global currencies. The greenback’s weakness stemmed from heightened uncertainty over a potential US government shutdown, which has delayed the release of critical economic indicators such as payroll data—closely watched for signals on the health and future trajectory of the American economy.
The contrasting trends—Bitcoin’s surge against the backdrop of a weaker dollar—highlight shifting investor sentiment, with many seeking alternatives to traditional assets amid political and economic uncertainty. Bitcoin’s continued upward momentum signals growing mainstream adoption, boosted by ETFs and improved regulatory clarity, positioning it as a significant player in the global financial landscape.
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