Bitcoin surpasses new record high of $125,000.

On October 5th, Bitcoin reached a new record high, surpassing the $125,000 mark.

Bitcoin cryptocurrency. Photo: Getty Images/VNA

In the Asian market, the world's largest cryptocurrency by market capitalization, Bitcoin, briefly surged to $125,689. Bitcoin's previous record was $124,480 in mid-August, driven by more favorable regulations from the Trump administration and strong demand from institutional investors.

The October 3rd session marked the eighth consecutive day of gains for bitcoin, driven by recent rallies in the US stock market and inflows into bitcoin-backed exchange-traded funds (ETFs).

Meanwhile, the US dollar fell on October 3, recording its longest losing streak against other major currencies, as uncertainty surrounding the US government shutdown clouded prospects and delayed the release of key data, such as non-farm payroll figures, which are crucial for assessing the direction of the economy .

Joshua Lim, co-head of markets at cryptocurrency brokerage FalconX, argues that with many assets including stocks, gold, and even collectibles like Pokemon cards reaching record highs, it's no surprise that bitcoin is benefiting from the story of a depreciating US dollar.

Geoff Kendrick, a digital asset research specialist at Standard Chartered Plc, believes that bitcoin will appreciate during government shutdowns. He notes that the cryptocurrency was "in a different position" during previous government shutdowns from 2018 to 2019, when bitcoin traded less against traditional risk assets.

Source: https://baotintuc.vn/thi-truong-tien-te/bitcoin-vuot-moc-ky-luc-moi-125000-usd-20251005142818293.htm