Bitcoin hits fresh record at $125,689 amid risk rally
“Bitcoin set a new record, touching $125,689 to top its August peak.”
Key points
- Bitcoin set a new record, touching $125,689 to top its August peak.
- The jump is linked to firmer equities, ETF inflows and safer-haven demand.
- A more accommodating US policy mood has improved sentiment around crypto.
- Traders cite a softer dollar and “debasement” concerns as tailwinds.
Bitcoin surged to an all-time high on Sunday, climbing to $125,689 and breaking its previous record of around $124,500 set in August. The advance came as broader risk assets firmed, with investors weighing uncertainty over a potential US government shutdown and seeking havens during market jitters.
Analysts said recent gains in US equities and continued inflows into bitcoin exchange-traded funds have supported the rally. They also pointed to a friendlier regulatory backdrop, including pro-crypto messaging from US leadership and legislative movement earlier in the year, which boosted sentiment toward digital assets.
Market participants framed the rise in the context of a weaker US dollar and a prevailing “debasement” narrative. With multiple asset classes, including equities and gold, near records, crypto traders said bitcoin’s run has been bolstered by expectations of sustained demand even as policymakers debate fiscal priorities and key economic data releases face delays.
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