Bitcoin, the world’s largest cryptocurrency by market value, climbed to a fresh record on Sunday, rising roughly 2.7% to $125,245.57 at 05:12 GMT. The move eclipses the prior all-time high set in mid-August at $124,480.

Momentum has been building for days: the token notched an eighth straight session of gains into Friday, supported by strength in U.S. stocks and persistent inflows to bitcoin exchange-traded funds.

Policy and macro undercurrents added fuel. Friendlier U.S. regulatory signals and ongoing interest from institutional investors have underpinned demand. Meanwhile, the dollar eased late in the week as uncertainty around a potential U.S. government shutdown muddied the outlook and even delayed key data releases such as payrolls, conditions that can amplify risk-asset moves.