The biggest cryptocurrency in the world by market value, Bitcoin, reached a record high on Sunday and was up about 2.7% at $125,245.57 at 0512 GMT.
U.S. President Donald Trump’s administration’s more lenient rules and robust institutional investor demand helped push Bitcoin to its previous high of $124,480 in mid-August.
Due to recent increases in U.S. stocks and inflows into bitcoin exchange-traded funds, the cryptocurrency rose on Friday for the eighth consecutive session.
The uncertainty surrounding a U.S. government shutdown, on the other hand, clouded the outlook and delayed key data releases, such as payrolls, which are crucial for determining the direction of the economy.
As a result, the U.S. dollar declined on Friday, posting multi-week losses versus major currencies.
