Overview

• The price reached $125,689 during Asian trading, surpassing the August peak near $124,500 for a new all-time high.
• Coverage linked the advance to the ongoing U.S. government shutdown, which has stoked investor mistrust of the dollar and interest in alternatives.
• Bloomberg reported that recent gains in U.S. stocks supported the move as some investors shifted toward perceived safer assets.
• President Donald Trump and members of his family have promoted cryptocurrency initiatives, a factor outlets said has bolstered bullish sentiment.
• FalconX executive Joshua Lim, quoted by Bloomberg, cited a broader dollar-depreciation narrative with records across stocks, gold and even collectibles.