Risk appetite improves, Bitcoin stabilizes at $100,000

According to Jinshi News, Deutsche Bank analysts pointed out that Bitcoin recently stabilized after falling below $100,000 for the first time since June, due to a rebound in the U.S. stock market overnight and improved risk appetite. The main driving factors include better-than-expected economic data and increasing speculation that the U.S. government shutdown may soon come to an end. This has boosted investors' optimism about the short-term outlook, with risk assets performing well overall, including Bitcoin. The ADP U.S. private employment report and the ISM services purchasing managers' index released on Wednesday both exceeded expectations.