Bitcoin Surges to $120,000 Amidst Funding Uncertainty for US Government

A crucial vote in the U.S. Senate looms this week, potentially impacting Bitcoin’s price as investors weigh uncertainty regarding government funding. The cryptocurrency surged past $120,000 on October 3rd, signaling market volatility and a potential shift. While no direct regulatory actions have been taken yet, Bitcoin continues to attract institutional interest due to its volatile nature and significant price increases. Citibank, for instance, has increased future price targets for Bitcoin and Ethereum, highlighting ongoing positive sentiment in the industry.