Bitcoin (BTC-USD) just hit a record high. The world’s largest cryptocurrency (by market value) reached a new record price of $125,245.57, at 05:12 GMT today.
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By this past Friday, Bitcoin had risen for eight consecutive sessions. Recently, Bitcoin ETFs saw significant inflows, perhaps related to investors’ concerns about the U.S. dollar’s simultaneous fall against other currencies. The government shutdown has created questions about the timing of employment and other data releases, as many federal agencies have been forced to temporarily close.
Year-to-date, Bitcoin has risen by more than 27%.
