Bitcoin, the world’s most valuable cryptocurrency by market capitalisation, climbed to a new record on Sunday, rising nearly 2.7 per cent to reach $1,25,245.57.
By 02:54 PM, Bitcoin was trading at $1,24,353.96, up 1.55 per cent on the day. This marks the eighth consecutive session of gains, driven by strength in US equity markets and rising inflows into Bitcoin exchange-traded funds.
Bitcoin’s previous peak was $1,24,480 in mid-August, fuelled by pro-crypto regulatory measures from US President Donald Trump’s administration and growing interest from institutional investors.
Sustained buying by large financial players, combined with regulatory easing to support crypto investments, has provided further momentum.
Recent passage of stablecoin legislation and the US Securities and Exchange Commission’s (SEC) updated framework for digital assets have also strengthened market sentiment.
Meanwhile, the US dollar weakened on Friday, posting multi-week losses against key currencies.
The uncertainty surrounding a potential US government shutdown and delays in the release of crucial economic data, including payroll figures, have contributed to this softness.
Analysts noted that the current bullish pattern aligns with Bitcoin’s typical price movement after a halving event, a scheduled reduction in the rate of new Bitcoin supply.
Historically, halving events have often acted as catalysts for extended price rallies.
On the geopolitical front, the United States has been engaging with Pakistan on a cryptocurrency agreement involving World Liberty Financial (WLF), a venture linked to President Trump’s family, and Pakistani military-affiliated funds, according to DisInfo Lab.
Bilal bin Saqib, a British-Pakistani entrepreneur who serves as both CEO of Pakistan’s new Crypto Council (PCC) and Special Assistant to the Prime Minister on Blockchain, is also an adviser to WLF.
This dual role has raised concerns about potential conflicts of interest.
In June 2025, Pakistan signed deals with Trump-backed WLF and Binance to expand blockchain and boost DeFi initiatives.
Oil India discovered natural gas in a shallow-water Krishna-Godavari Basin block, recording a peak flow…
Adani Total Gas raised CNG prices in Ahmedabad to Rs 98.47 per kg, citing higher…
Wanted Maoists Mangal and Malati surrendered before Kolkata Police Commissioner Ajay K Nand, handing over…
India's smartphone shipments fell 20% in Q3 2026 to a decade low as soaring memory…
PM Modi said India has recovered over 650 stolen ancient statues in 12 years, highlighting…
Rajasthan will hold the first phase of Panchayat elections on Saturday, with 8.5 million voters…