Bitcoin hits all-time high, surpasses $125,000

Web Desk): The world’s largest cryptocurrency, Bitcoin, reached a new all-time high on Sunday. According to Universal Time, at 5:12 AM, Bitcoin was trading at $125,245, marking a 2.7% increase.

This is now the highest value in Bitcoin's history, surpassing the previous record of $124,480, which was set in mid-August.

According to Reuters, analysts attribute this surge to the Trump administration’s lenient regulatory stance on cryptocurrencies and growing interest from major institutional investors, both of which have pushed Bitcoin prices to new heights.

Reports indicate that Friday marked the eighth consecutive day of gains for Bitcoin, largely fueled by a bullish trend in the US stock market and increasing investments in Bitcoin-linked Exchange-Traded Funds (ETFs).

Meanwhile, the US dollar weakened on Friday, hitting its lowest level in several weeks against major global currencies.

Experts suggest that investor uncertainty—stemming from a possible US government shutdown and delays in key economic data, such as the jobs report—has put pressure on the dollar.

According to financial analysts, if current trends continue, Bitcoin could set even more records in the coming weeks.