New record, bitcoin rose to $126

Bitcoin (BTC) rose to $126,223 on Monday, marking another record as the US government shutdown, a weakening dollar and rising ETF flows combined to tighten supply and extend the rally.

At the time of writing, the cryptocurrency is trading above $124,000, riding a 15 percent weekly gain that has also pushed other major currencies higher.

On the other hand, bitcoin has broken records in terms of the euro and Swiss franc, passing 106,000 euros and 99,600 Swiss francs respectively, as well as in Japan. The Asian country’s new prime minister is signaling a return to Abenomics-style policies, which reinforces the market narrative of easier liquidity conditions in the future, as CoinDesk’s Omkar Godbole noted on Monday.

The broader market also surged, following bitcoin's lead, according to CoinDesk.

Ether rose 4 percent to $4,700, its highest level in three weeks, while traders are targeting the $4,800 to $5,000 range if the momentum continues.