The leading digital currency, Bitcoin, has achieved a new all-time high in its valuation on Sunday. The cryptocurrency’s value increased by nearly 2.7%, reaching $125,245.57.
As of 2:54 PM today, the price of Bitcoin was recorded at $124,353.96, demonstrating a 1.55% climb during the trading day. This digital asset has experienced an upswing for the eighth trading session in a row, fueled by positive momentum in U.S. stock markets and significant investments into Bitcoin-based exchange-traded funds (ETFs).
Bitcoin’s previous record was $124,480, achieved in mid-August. This surge was attributed to more favorable regulations enacted during the Trump administration, alongside substantial demand from institutional investors.
Consistent purchases by large institutions and the Trump administration’s initiatives to facilitate crypto asset investment have acted as positive catalysts. The enactment of regulations regarding stablecoins and the U.S. Securities and Exchange Commission’s (SEC) modernization of rules to accommodate digital assets have also boosted investor sentiment.
In contrast, the U.S. dollar saw a decline on Friday, resulting in losses against major global currencies over several weeks. The outlook for the dollar was uncertain, due to a possible U.S. government shutdown that caused delays in the release of important economic data, such as payroll figures, which are critical for assessing the overall health of the economy.
Market analysts suggest that Bitcoin’s upward trajectory aligns with typical price behavior following a halving event. Halving events, which reduce the rate at which new Bitcoins are created by 50%, are often considered a driving force behind extended price increases for BTC.
Reports from DisInfo Lab suggest a growing relationship between the United States and Pakistan, potentially centered on a cryptocurrency agreement involving World Liberty Financial, a firm linked to the family of former U.S. President Donald Trump, and Pakistani entities with ties to the military.
Bilal bin Saqib, a British-Pakistani entrepreneur who currently leads Pakistan’s newly established Crypto Council (PCC) as CEO and serves as a Special Assistant to the Prime Minister on Blockchain, also advises WLF. This raises potential concerns about conflicts of interest.
Back in June 2025, Pakistan entered into agreements with World Liberty Financial (WLF), a crypto venture backed by Trump, and Binance, with the objective of expanding blockchain infrastructure and fostering the growth of decentralized finance (DeFi).
(Source: Syndicated feed, edited for style by Gujarat Samachar Digital.)