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Analyst: Risk appetite improves, Bitcoin stabilizes after falling below $100,000

On November 6, Deutsche Bank analysts pointed out that Bitcoin recently stabilized after falling below $100,000 for the first time since June, due to the overnight rebound in the U.S. stock market and improved risk appetite. They stated that the main driving factors were better-than-expected economic data and rising speculation that the U.S. government shutdown may soon come to an end. This boosted investor optimism about the short-term outlook, leading to good overall performance in risk assets, including Bitcoin. The ADP U.S. private employment report and the ISM Services Purchasing Managers' Index released on Wednesday were also better than expected. ( Jin10 )

BTC-2.41%
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