Bitcoin set a fresh record high over the weekend, breaking the $125,000 mark for the first time. According to a Reuters report, the leading cryptocurrency was trading around $125,245, surpassing its prior peak of $124,480 from mid-August. This surge in price comes after eight consecutive days of gains, bolstered by the uptrend in US stocks and consistent investments into bitcoin exchange-traded funds. Analysts in the market link the continuous expansion of the cryptocurrency to positive regulatory changes during the Trump presidency and the persistent interest shown by institutional investors.
