In accordance with DL News, Standard Chartered's Geoffrey Kendrick predicts Bitcoin will reach a new all-time high next week, potentially surging to $135,000, driven by the ongoing US government shutdown. The shutdown, the 22nd since 1974, is delaying key economic data and increasing investor concerns over US government risk. Analysts at Coinbase also noted that the shutdown is raising expectations for Federal Reserve rate cuts, which could benefit Bitcoin and other risk assets. However, the shutdown is also delaying the approval of altcoin ETFs, including those for Solana, XRP, and Dogecoin.
Bitcoin Could Hit $135,000 as US Government Shutdown Sparks Market Uncertainty
DL NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.