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

2025.11.06 22:32:20

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