Bitcoin Breaks All Time Record, Surges Past $125,000 Amid Market Uncertainty
Bitcoin has hit a new all-time high, surging to $125,689 on Sunday and surpassing its previous August record of around $124,500, amid rising investor interest in safe haven assets.
The world’s largest cryptocurrency has enjoyed sustained upward momentum as concerns grow over a potential US government shutdown, prompting a shift towards alternative stores of value.
Rising US equities have also contributed to Bitcoin’s bullish run, with market sentiment buoyed by political uncertainty and ongoing budget negotiations in Washington, according to Bloomberg News.
The cryptocurrency industry has also seen a regulatory shift under President Donald Trump, whose open support for digital assets marks a sharp reversal from the more sceptical stance of the Biden administration. In July, the US House of Representatives passed three landmark cryptocurrency bills, fuelling investor confidence and market growth.
Trump and his family have been vocal promoters of crypto, with involvement in various ventures that have reportedly boosted their personal wealth.
Bitcoin’s sharp rally reflects growing mainstream acceptance and investor appetite for decentralised assets in a time of financial uncertainty.
