Workflow
Bitcoin’s new high has investors betting on further gains
Yahoo Finance·2025-10-08 00:55

Bitcoin rose to another all-time high this week, buoyed by a broader rally in risk assets amid the U.S. government shutdown. Some financial institutions and traders are betting that it will go even higher. Standard Chartered is among them. The bank’s head of digital assets research, Geoff Kendrick, told clients in a note that bitcoin could reach $135,000 in the coming weeks, pointing to record inflows into exchange-traded funds. “The shutdown matters this time around,” Kendrick wrote, adding that during ...