As of Sunday morning, October 5, Bitcoin, the world's top cryptocurrency, has reached a staggering price of $125,245.57, marking an increase of nearly 2.7%. This was reported by Reuters.

Previously, Bitcoin hit a high of $124,480 in mid-August, driven by new regulatory measures from the Trump administration and increased demand from institutional investors.

On Friday, the cryptocurrency rose for the eighth consecutive trading session, spurred by recent gains in U.S. stocks and a surge in investments into Bitcoin exchange-traded funds.

Meanwhile, the U.S. dollar weakened on Friday, showing multi-week losses against major currencies, as uncertainty over a potential government shutdown overshadowed economic prospects and delayed key macro data, particularly from the labor market.

It is worth noting that in August, Bitcoin fell by 0.8% to $108,719 at the start of trading in Asia.