Risk appetite improves as Bitcoin stabilizes above $100,000

According to ChainCatcher, citing Golden Ten Data, Deutsche Bank analysts 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. The main driving factors include better-than-expected economic data and rising speculation that a potential U.S. government shutdown may soon end. This has boosted investors' optimism about the short-term outlook, and risk assets as a whole have performed well, including bitcoin. Both the ADP U.S. private employment report and the ISM services purchasing managers' index released on Wednesday exceeded expectations.