On October 5, the Bitcoin cryptocurrency reached a new all-time high, rising to $125,245.57. This is 2.7% higher than the previous figure. Reuters writes.
The previous record of $124,480 was recorded in mid-August this year. At that time, the growth was supported by favorable regulatory decisions by the administration of US President Donald Trump and increased interest from institutional investors.
The cryptocurrency has been steadily rising over the past eight trading sessions, boosted by inflows into Bitcoin exchange-traded funds and positive performance in U.S. stock indexes.
Against this backdrop, the US dollar lost ground, recording multi-week lows against major currencies. The reason was uncertainty about the "shutdown" - the suspension of the US government and the postponement of the publication of key economic data, in particular labor market statistics, which are traditionally used to assess the state of the economy.
By the way, a Chinese woman was recently arrested in the UK, and was found to be in possession of £5 billion worth of Bitcoin.