Bitcoin Hits New Record High at $125,245 Amid Market Optimism

Bitcoin, the world’s largest cryptocurrency by market value, reached a record high of $125,245.57 on Sunday, up nearly 2.7%, surpassing its previous peak of $124,480 set in mid-August.

The cryptocurrency’s gains have been driven by friendlier U.S. regulations under President Donald Trump and strong demand from institutional investors. Friday marked Bitcoin’s eighth consecutive session of gains, supported by rising U.S. equities and inflows into Bitcoin exchange-traded funds (ETFs).

Meanwhile, the U.S. dollar weakened, posting multi-week losses against major currencies, amid concerns over a potential U.S. government shutdown and delays in key economic data releases, such as payroll figures, which are critical for assessing the economy’s trajectory.

Bitcoin’s renewed momentum underscores investor optimism in the cryptocurrency despite broader macroeconomic uncertainties.