Bitcoin declines after hitting a record high above $125,000

Bitcoin prices edged lower on Monday after hitting a new record above $125,000 over the weekend, as strong inflows into US spot exchange-traded funds (ETFs) and mounting concerns over a prolonged US government shutdown continued to support market sentiment.

The world’s largest cryptocurrency slipped 1.6% to $123,716.7 by 1:50 a.m. Eastern Time (05:50 GMT), after reaching an all-time high of $125,617.4 on Sunday.

Bitcoin had surged more than 11% last week and is now up over 30% since the start of 2025.

Bitcoin rally driven by ETF inflows; “Debasement Trade” gains traction

Data from digital asset research firm SoSoValue showed that net inflows into US spot Bitcoin ETFs reached $3.24 billion last week — the largest weekly increase of 2025.

The surge reflects renewed institutional interest, as investors increasingly prefer gaining exposure to Bitcoin through regulated investment products rather than direct purchases.

The rise in inflows coincided with growing concern over the ongoing US government shutdown, which has now entered its second week.

The political stalemate has delayed the release of key economic data and heightened uncertainty about fiscal policy, leading traders to bet that the Federal Reserve will adopt a more cautious stance on interest rates once government operations resume.

Reports described this trend as part of a “Debasement Trade,” where investors shift capital into assets like Bitcoin and gold to hedge against weakening confidence in fiat currencies and rising fiscal pressures.

Walmart-backed OnePay plans to launch crypto trading services – CNBC

CNBC reported Friday, citing sources familiar with the matter, that OnePay, a fintech company backed by Walmart (NYSE: WMT), plans to add cryptocurrency trading and digital custody services to its banking app later this year.

According to the report, OnePay — majority-owned by Walmart and venture capital firm Ribbit Capital — will allow users to buy and hold Bitcoin and Ether through a partnership with crypto infrastructure provider Zerohash.

The move marks the latest step in OnePay’s expansion toward building an all-in-one financial “Everything App,” as it seeks to broaden its offerings beyond savings accounts, payment cards, and “buy now, pay later” services.