Bitcoin broke its previous record and surpassed $125,000 for the first time in history on Sunday morning.
The rise extends October's strong upward trend, which seems unaffected by the political stalemate in Washington that has forced the US government shutdown.
According to data from Coinbase, the largest crypto by market cap peaked at $125,700 around 12:45 a.m. ET, decisively surpassing its previous all-time high of $124,290 set in mid-August.
This increase continues a notable seasonal pattern: Bitcoin has posted gains in October for 10 of the past 12 years and is already up more than 11% this month.
The shutdown, which began on October 1, coincided with the planned launch of several altcoin ETFs. Analysts suggest that, ironically, political dysfunction is fueling Bitcoin's appeal.