Bitcoin hit a record high on Sunday, October 5, rising nearly 2.7% to $125,245, Reuters reported.
Bitcoin’s previous record of $124,480 was set in mid-August, buoyed by favorable regulatory decisions from the Trump administration and strong demand from institutional investors.
The cryptocurrency rose for the eighth straight session on Friday, October 3, boosted by gains in U.S. stocks and a surge in bitcoin-related exchange-traded funds.