Overview

• The intraday high of $125,689 surpassed the August peak near $124,500, setting a new all-time record.
• Coverage ties the latest leg higher to the ongoing U.S. government shutdown, which has weakened confidence in the dollar and boosted demand for alternatives.
• Bloomberg reports that gains in U.S. equities also supported a shift toward assets viewed as more resilient.
• Sentiment has been bolstered by President Donald Trump and family members promoting crypto through various initiatives.
• FalconX executive Joshua Lim cites a broader dollar-depreciation narrative, noting simultaneous highs in stocks, gold, and even collectibles.