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Bitcoin soared to a new peak price over the weekend following a record week for cryptocurrency ETF investments, with nearly $6 billion worth. Cryptocurrency funds added nearly $6 billion last week, a single-week record according to CoinShares. Bitcoin soared to a new high price above $125,000 early Sunday. Investors are looking to alternative assets to hedge against weakening currencies. Investors threw a record amount of cash at Bitcoin and other crypto investment products, which racked up $5.95 billion last week as concerns around currency debasement worldwide sent alternative assets to record highs.  Data from a Monday report from digital asset manager CoinShares revealed that investors put the most amount of money ever into Bitcoin investment products during a single week—$3.55 billion in total.  CoinShares tracks funds around the world, but data from Farside Investors shows that most of that cash—over $3.2 billion of it—hit the U.S. Bitcoin ETFs.

Bitcoin on Sunday broke a new record of $125,506, according to CoinGecko data, and has continued to trade around that level. The biggest and oldest cryptocurrency's price recently stood at $125,323, a 10% jump over the past week. "We believe this was due to a delayed response to the FOMC interest rate cut, compounded by very weak employment data, as indicated by Wednesday’s ADP Payroll release, and concerns over US government stability following the shutdown," CoinShares said, citing reasons for the inflows. Overall, the asset manager noted that investors worldwide put a record $5.95 billion into crypto funds. Investment vehicles giving exposure to altcoins like Solana and XRP also received record amounts of money, with such funds taking in $706.5 million and XRP $219.4 million, respectively.