Bitcoin, the world’s leading cryptocurrency by market capitalisation, reached a new record high of over $125,000 on Sunday morning.
Gatekeepers News reports that the surge marks a 97 percent increase from around $62,000 recorded in October 2024.
The cryptocurrency’s rally follows favourable legislation and strong performance in the U.S. stock market, with the S&P 500 and Nasdaq both closing at record highs.
As of 8:55 a.m. on Sunday, data from CoinMarketCap showed Bitcoin trading at $124,913. Ethereum, the second-largest digital asset, also gained 2.4 percent to trade at $4,609.
CoinMarketCap reported that the overall crypto market capitalisation increased by 1.9 percent to $4.35 trillion, with trading volume surpassing $150 billion by 9:15 a.m.
Bitcoin’s rise since the beginning of the year has been supported by regulatory reforms introduced under U.S. President Donald Trump, who has been an outspoken advocate for digital assets.
