-
Bitcoin hits $123,000 as major bank predicts more
Bitcoin crossed the $123,000 threshold Friday with a 3 percent surge that has investors and analysts watching closely to see if the cryptocurrency can maintain its momentum. The rally comes on the heels of a bullish projection from Standard Chartered, one of the world’s major banking institutions, which now sees the digital currency climbing to $135,000 in the near term. Geoff Kendrick, who leads digital assets research globally for Standard Chartered, pointed to several factors driving his optimistic outlook. The bank’s analysis suggests Bitcoin has broken away from historical patterns that typically see the ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From sherwood.news | Oct 3, 2025
Bitcoin is up over 10% this week, crossing $120,000 for the first time since its previous all-time high record of over $124,000 on August 14. This is a 97% jump from where bitcoin was a year ago, hovering around $60,700. John Haar, managing director at Swan Bitcoin, told Sherwood News that bitcoins rise this week is due to a confluence of factors, ...
For people who closely follow the U.S. economy, the first Friday of every month is known as jobs Friday, when the Bureau of Labor Statistics releases the previous months employment report at precisely 8:30 a.m. ET. But on this jobs Friday, September's employment data a critical window into the health of the U.S. labor market will not be released. ...
Bitcoin's market capitalization has reached roughly $2.4 trillion, a value that exceeds the total market capitalization of the largest five banks in the world. As of October 3, Bitcoin is trading above $120,700 and remains the largest digital asset by market capitalization, with a volume of $71.1 billion. Over the past five years, Bitcoin has seen a price ...