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Bitcoin reached a new all-time high of $125,689 on Sunday, surpassing its previous record from August 14. The cryptocurrency's surge was fueled by a broader risk rally, partly attributed to the ongoing US government shutdown. Investors are reportedly moving into Bitcoin as a safe-haven asset, a strategy termed the 'debasement trade,' with increased inflows into Bitcoin ETFs also contributing to the climb.

Prepared by Christopher Adams and reviewed by editorial team.