New York, Oct 06 (V7N) – Bitcoin, the world’s largest and most traded digital currency, has reached a new all-time high of $125,000, marking a 2.7 percent rise on Sunday. This is the highest price in the past 17 years, surpassing its previous record of $124,000 set in August.

Analysts attribute the surge to a combination of favorable regulatory developments under the Trump administration and strong institutional demand, according to a Reuters report. October has historically been one of Bitcoin’s strongest performing months, and this year appears to be no exception.

Market experts say the rally reflects a resurgence of investor confidence in the cryptocurrency sector and Bitcoin’s growing appeal as an alternative asset amid concerns over dollar depreciation.

A Bloomberg analysis noted that, with traditional assets such as stocks, gold, and even collectibles like Pokémon cards hitting record highs, the rise in Bitcoin’s value aligns with a broader trend of investors seeking refuge in scarce, inflation-resistant assets.

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