Bitcoin surges past $125,000, sets new all-time high

Investors flock to digital assets as government shutdown and inflation concerns grow

Last updated: October 05, 2025 | 23:04

Balaram Menon, Senior Web Editor

1 MIN READ

Bitcoin surges past $125,000, sets new all-time high

Dubai: Bitcoin surged to a new record high on Sunday, climbing past the $125,000 mark as investors sought stability amid the US government shutdown.

The world’s largest cryptocurrency hit $125,689, surpassing its previous August peak of around $124,500. Analysts said gains in US stocks and a broader move toward safe-haven assets have also fuelled Bitcoin’s rally, Bloomberg News reported.

Also Read: Bitcoin’s record run isn’t over — new US rules could spark next big crypto wave

Market sentiment has been further boosted by the pro-crypto stance of US President Donald Trump, whose administration has championed digital assets after years of regulatory scepticism. In July, the US House of Representatives passed three major cryptocurrency bills, signalling growing institutional acceptance of the sector.

The shift has helped drive Bitcoin’s renewed momentum, with traders betting on continued inflows as global inflation and currency concerns persist.

Also Read: Bitcoins worth over $2.2 trillion now: Here's why it matters

Balaram MenonSenior Web Editor

Balaram brings more than two decades of experience in the media industry, combining sharp editorial judgment with a deep understanding of digital news dynamics. Since 2004, he has been a core member of the gulfnews.com digital team, playing a key role in shaping its identity. Passionate about current affairs, politics, cricket, entertainment, and viral content, Balaram thrives on stories that spark conversation. His strength lies in adapting to the fast-changing news landscape and curating compelling content that resonates with readers.

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