Bitcoin Magazine Bitcoin Price Hits New All-Time Highs Above $125,000

Bitcoin jumped past $125,000 today, nearing its new all-time high as macroeconomic uncertainty and mounting political tensions in Washington pushed investors toward alternative assets.

The world’s largest cryptocurrency climbed more than 13% over the past week, rebounding from about $109,000 at the end of September to touch $125,750 over the weekend, according to Bitbio data.

At the time of writing, Bitcoin is trading at $125,870.

The move comes as people expect the Federal Reserve to cut interest rates later this month, which could further fuel a rally in non-yielding and risk-sensitive assets.

The ongoing U.S. government shutdown is adding another tailwind to Bitcoin’s climb. The budget standoff, now in its second

See Full Page