0924 GMT - Bitcoin rises slightly as optimism over the Trump administration softening its stance on tariffs improves investor appetite towards risky assets. The cryptocurrency is also supported by news that Arizona has passed a bill allowing the state to invest up to 10% of public funds in digital assets. These developments, coupled with Standard Chartered's forecast for bitcoin to rise to $200,000 by year-end, suggest a favorable environment for the cryptocurrency, Zaye Capital Markets analyst Naeem Aslam says in a note. However, "investors should remain vigilant amid ongoing geopolitical and economic uncertainties," he says. Bitcoin rises 0.4% to $94,898, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 05:24 ET (09:24 GMT)
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