Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Analysts: Bitcoin stabilized after falling below $100,000, risk appetite improved.
2025-11-06 14:28

According to Odaily Planet Daily, Deutsche Bank analysts pointed out that Bitcoin recently stabilized after falling below $100,000 for the first time since June, as US stocks rebounded overnight and risk appetite improved. They stated that the main driving factors were better-than-expected economic data and increased speculation that the US government shutdown might be nearing its end. This boosted investor optimism about the short-term outlook, and risk assets as a whole performed well, including Bitcoin. Wednesday's ADP US private employment report and ISM services purchasing managers' index also both exceeded expectations. (Jinshi)