Bitcoin climbed to a new summit of all time on Sunday, exceeding the $ 125,000 mark while the security security demand increased.The largest cryptocurrency in the world reached $ 125,689 in Asia, motivated by the concerns of investors concerning the closure of the United States government. The cryptocurrency broke its previous $ 124,514 record set on August 14, stimulated by gains in American actions and fresh entrances to Bitcoin negotiated funds.Investors believe that the government’s closure, which began on Wednesday, could push money in security assets, a trend market that participants call “examination trade”.“With many active ingredients, including actions, gold and even collectibles such as Pokémon cards that strike all time, it is not surprising that Bitcoin benefits from the story of dollars discussing,” said Joshua Lim, co-responsible for the markets of the Crypto Prime Falconx brokerage company in Bloomberg.October is traditionally a solid month for Bitcoin, often called “uptober”, the winning token in the past ten years. This year has increased the Bitcoin value by more than 30%.The increase was also fed by an increasing adoption of companies. Public companies, led by Michael Saylor’s strategy, stored Bitcoin, a decision that inspired other companies and even aroused interest in small digital assets like Ether.On Friday, American actions reached a record, motivated by the main artificial intelligence agreements and partnerships, which supported concerns about prolonged closure and low commercial activity.Meanwhile, treasury bills and the dollar fell, and gold was on the right track for a seventh consecutive weekly gain, supported by the purchase of the central bank in the midst of low interest rates and persistent inflation worries.“The closure is important this time,” said Geoff Kendrick, a global research manager on digital assets at Standard Plc, quoted by Bloomberg.He added that Bitcoin should increase during this period and noted that cryptocurrency was “in a different place” during the previous closure in 2018-2019, when it did not take place in traditional risk assets.
