Bitcoin rallies to within 1% of all-time high, gaining safe haven status during shutdown

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Bitcoin climbs to almost record high and an increase of 12% last week: CNBC Crypto World

Bitcoin On Friday, his record high gathered at a striking distance when the US government's closure started its third day.

The oldest cryptocurrency in the world is about 2%at 123,874 US dollars a day. That is about 1% below his all-time high of only $ 124,000, which it reached in mid-August.

Investors flock to the decentralized asset after the US legislators did not conclude a contract for federal financing and forced the US government on Wednesday. This week, Bitcoin rose by 12%.

“The shutdown is important this time,” wrote Geoff Kendrick from Standard Chartered. “During the previous Trump closure (December 22, 2018 to January 25, 2019), Bitcoin was in a place other than now, so it was little.”

“This year, however, Bitcoin acted with the risks of the US government how it shows the relationship with the US financial bonus best,” added Kendrick.

Standard Chartered soon expects a new one and ultimately the crypto reaches 135,000 US dollars.

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Bitcoin, YTD

Dealers turn to crypto and other assets to secure themselves against the increasing political and economic tensions. Spot Gold rose by 0.5% to $ 3,876.55 per ounce early Friday, whereby prices rose by more than 2% this week.

The dealers also put some money on shares on Friday, despite the increasing geopolitical uncertainties. The S&P 500 and the NASDAQ composite material also rose by 0.5% and 0.27% a day.