Analyst: Risk Appetite Improves, Bitcoin Stabilizes After Falling Below $100,000

BlockBeats News, November 6th, a Deutsche Bank analyst pointed out that Bitcoin recently stabilized after falling below $100,000 for the first time since June, as the U.S. stock market rebounded overnight and risk appetite improved. They stated that the main driving factors were better-than-expected economic data and increasing speculation in the market that the U.S. government shutdown may be coming to an end. This has boosted investors' optimistic outlook on the short-term outlook, with risk assets performing well overall, including Bitcoin. The ADP National Employment Report and ISM Non-Manufacturing PMI, released on Wednesday, also exceeded expectations. (FXStreet)