TOKYO: Bitcoin reached a new record high on Sunday (Oct 5), rising above the US$125,000 mark.

The cryptocurrency reached US$125,689, shooting above its previous August record of around US$124,500.

Bitcoin has enjoyed a strong upward momentum, with investors cautious about the United States government shutdown .

Gains in US shares have also supported bitcoin's rise, while investors have looked to safe-haven assets while US lawmakers negotiate over funding the federal government, Bloomberg News said.

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