Bitcoin set one other all-time excessive as a broader threat rally across the US authorities shutdown buoyed the world’s largest cryptocurrency.
The token climbed to as excessive as $125,689 on Sunday in Asia, topping its earlier document set on Aug. 14, supported by the uptick in US equities and renewed inflows into Bitcoin-linked exchange-traded funds. Traders have speculated that the shutdown, which kicked in on Wednesday, will drive traders to safe-haven belongings in what market individuals have begun to name the “debasement commerce.”
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