Bitcoin has surged to a new all-time high, crossing the $125,000 mark for the first time in its history. At 4:50 PM on Sunday, Bitcoin was trading at $125,450, marking a nearly 2.7% increase on the day. In Bangladeshi Taka (BDT), the cryptocurrency's value stood at Tk 1,52,70,549.
This marks a significant milestone, surpassing Bitcoin's previous record of $124,480, which was set in mid-August. The earlier surge was driven by favorable regulatory changes under the administration of US President Donald Trump, coupled with growing institutional investor interest.
In recent days, Bitcoin has benefited from a bullish momentum, with the cryptocurrency extending its winning streak to eight consecutive sessions. This rise has been further supported by gains in US equities and inflows into Bitcoin exchange-traded funds (ETFs), helping drive up demand.
In contrast, the US dollar weakened on Friday, marking multi-week losses against major global currencies. Concerns over a potential US government shutdown and delayed economic data, such as payrolls and other indicators, have clouded the economic outlook, prompting a shift in investor sentiment toward alternative assets like Bitcoin.
With this record-setting achievement, Bitcoin continues to cement its position as the dominant cryptocurrency in the market, attracting both individual investors and institutional players keen on diversifying their portfolios amid economic uncertainty.
With input from agencies.
Bd-pratidin English/ Jisan
