Bitcoin, Ethereum Rise Despite Government Shutdown Worries
Major cryptocurrencies increased with stock markets on Wednesday. Investors ignored concerns about government shutdown.
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Cryptocurrency markets had big gains on Wednesday. Bitcoin reached $119,453.67, its highest price since mid-August. Trading went up 31% to $76 billion.
Ethereum broke through $4,000 and reached $4,381.41. The total crypto market was worth $4.05 trillion, up 3.69% in one day. October is usually good for crypto - Bitcoin normally gains 20% and Ethereum gains 4.74% this month.
Bitcoin went up 3.67% to $118,549.98. Ethereum rose 4.82% to $4,353.67. Other coins like XRP (+4.13%) and Dogecoin (+6.77%) also increased.
Stock markets did well too. Experts think Bitcoin could reach $160,000-$200,000 in the fourth quarter. There might be a government shutdown, but investors still bought crypto and stocks.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/10/47986213/bitcoin-ethereum-dogecoin-xrp-shrug-off-shutdown-concerns-analytics-firm-projects-btcs-q4-s