Bitcoin Breaks Record, Soars Past $125,000 Amid Global Crypto Rally
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Bitcoin, the world’s largest cryptocurrency by market capitalisation, has reached a new all-time high, surpassing $125,000 early Sunday morning. This milestone marks a stunning 97 percent surge from about $62,000 recorded in October 2024, signaling renewed investor confidence and growing global optimism in the digital asset market.
The cryptocurrency had earlier peaked at $124,500 on August 14, fueled by favorable legislation and a rally in U.S. equities. Analysts attribute the latest rise to record-breaking performances from the S&P 500 and the Nasdaq, both of which closed at all-time highs, boosting overall investor sentiment toward risk assets like Bitcoin.
According to CoinMarketCap data, Bitcoin’s price stood at $124,913 as of 8:55 a.m. on Sunday, while Ethereum, the world’s second-largest cryptocurrency, rose 2.4 percent to $4,609. The broader crypto market followed suit, with the global cryptocurrency market capitalization climbing 1.9 percent to $4.35 trillion, recording over $150 billion in trading volume as of 9:15 a.m.
Since the start of 2025, Bitcoin’s meteoric rise has been largely driven by regulatory reforms under U.S. President Donald Trump, whose administration has expressed strong support for digital assets. Experts believe these policies are helping shape a more stable and transparent crypto environment, attracting institutional and retail investors alike.
Meanwhile, in Nigeria, Central Bank Governor Olayemi Cardoso has revealed ongoing collaboration with the Securities and Exchange Commission (SEC) to create a sustainable framework for digital currencies. Cardoso emphasized that cryptocurrencies, fintech, and blockchain innovation will play an increasingly significant role in shaping future monetary policy.
He also recalled Nigeria’s rise to crypto prominence two years ago, when it emerged as one of the world’s largest hubs for digital currency trading despite regulatory challenges. As Bitcoin and other cryptocurrencies continue to surge, all eyes remain on how governments including Nigeria’s will balance innovation with financial stability in the evolving global digital economy.
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