Bitcoin Hits All-Time High Above $125,000

2025-10-05 02:21:16

(MENAFN- Khaleej Times)

Bitcoin, the world's largest cryptocurrency by market value, hit a record high on Sunday and was up nearly 2.7 per cent at $125,245.57 at 0512 GMT.

Bitcoin's previous record was $124,480 in mid-August, buoyed by friendlier regulations from US President Donald Trump's administration and strong demand from institutional investors.

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The cryptocurrency had risen on Friday for an eighth straight session, bolstered by recent gains in US equities and inflows into bitcoin exchange-traded funds.

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In contrast, the US dollar retreated on Friday, posting multi-week losses against major currencies, as uncertainty surrounding a US government shutdown clouded the outlook and delayed key data releases, such as payrolls, critical for gauging the economy's direction.

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