Bitcoin, the world’s largest digital asset, made a historic leap on Sunday, surpassing $125,000 for the first time in its history. It rose 2.68% to $125,245.
This new level represents a breakout from its previous record price of $124,480, reached in mid-August, supported by the relaxation of regulatory rules in the United States during the administration of President Donald Trump, along with increased demand from investors.
Bitcoin also continued its winning streak, rising for eight consecutive sessions, supported by a recovery in US stock markets and increased inflows into crypto exchange-traded funds.
In contrast, the US dollar has come under increasing pressure, recording a second consecutive weekly decline against major currencies.
Analysts attribute this weakness to the political uncertainty caused by the government shutdown in Washington and the postponement of the release of key economic data, most notably the jobs report, a key indicator of the strength of the US economy.
