Bitcoin hits fresh record as ‘Uptober’ narrative takes hold

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New York | Bitcoin set another all-time high over the weekend as a broader risk rally around the US government shutdown and prevailing optimism around “Uptober’“buoyed the world’s largest cryptocurrency.

The token climbed to as high as $US125,689 early on Sunday in New York, topping its previous record set on August 14, supported by the uptick in US equities and renewed inflows to Bitcoin-linked exchange-traded funds.

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Bloomberg