Bitcoin climbed to a fresh record above $125,000 on Sunday, trading around $125,245 at 0512 GMT, with some reports citing an intraday peak of $125,689 [reuters.com#1][dawn.com#1]. The move pushes past the prior record near $124,500 set in August [techjuice.pk#1][dawn.com#1]. Reports point to spot ETF demand and safe-haven interest amid U.S. funding negotiations as supportive factors [techjuice.pk#1][dawn.com#1].
Highlights:
- New peak: Bitcoin traded around $125,245 at 0512 GMT and was reported as high as $125,689 intraday [reuters.com#1][dawn.com#1].
- Prior record: The rally surpassed the previous all-time high of about $124,500 set in August [techjuice.pk#1][dawn.com#1].
- ETF influence: TechJuice cites demand from spot ETFs, noting BlackRock’s IBIT entered the top 20 U.S. ETFs [techjuice.pk#1].
- Macro backdrop: Investors looked to safe-haven assets amid U.S. government funding negotiations, with strength in U.S. shares also supportive [dawn.com#1].
- Policy setting: Dawn reports President Trump’s friendlier stance toward digital assets and the U.S. House passing three crypto bills in July [dawn.com#1].
With many assets including equities, gold and even collectibles like Pokemon cards hitting all-time highs, it’s no surprise Bitcoin is benefiting from the dollar debasement narrative, – Joshua Lim
Perspectives:
- FalconX: Markets view bitcoin’s rally in the context of broader asset highs and a dollar debasement narrative. (Dawn)
- US House of Representatives: Passing three cryptocurrency bills in July signaled a more supportive regulatory outlook for digital assets. (Dawn)
- TechJuice analysis: Spot ETF demand, including BlackRock’s IBIT ranking among top U.S. ETFs, is cited as a key driver of the surge. (TechJuice)
Sources:
- Bitcoin hits all-time high above $125,000 – reuters.com
- Bitcoin Price Hits Record High Above $125,000 – techjuice.pk
- Bitcoin continues upward momentum, hits record high above $125,000 – dawn.com
