Crypto rose during Thursday’s trading after the US government shutdown exacerbated uncertainty in global markets.
Bitcoin rose 1.04% to $118,749 by 7:43 a.m. Tunis time, according to Coinbase data.
Ethereum also rose 1.81% to $4,410.52, Ripple rose 1.15% to $2.98, and Dogecoin climbed 3.92% to $0.25.
Citigroup raised its year-end Ethereum price target to $4,500 from $4,300, supported by strong inflows into the virtual currency from exchange-traded funds, while lowering its Bitcoin price forecast to $133,000 from $135,000.
Yesterday’s ADP report showed an unexpected decline in US private sector jobs in September, confirming signs of a weak labor market and prompting traders to increase their bets on the Federal Reserve cutting interest rates two more times this year.
