The previous high of $124,480 in mid-August was reached amid a friendlier regulatory approach from the administration of US President Donald Trump and high demand from institutional investors.
The price rose for the eighth consecutive session on Friday, supported by the recent rally in the US stock market and inflows into Bitcoin exchange-traded funds (ETFs).
Instead, the US dollar weakened on Friday, suffering multi-week losses against major currencies – due to uncertainty surrounding a possible government shutdown, which clouded the outlook and postponed key macro data, in particular from the labor market, important for assessing the state of the economy.
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