K33 Research: economic data further solidifies bullish outlook for crypto market in Q4
In Bitget news, K33 Research released a study showing that cryptocurrency sensitivity to economic data continues, with Bitcoin rallying above $63,000, up 9% weekly, after the Fed cut interest rates, and ETH/BTC recovering 0.04 , with ETH up 15%. China's central bank further eased liquidity conditions by lowering interest rates and the reserve requirement ratio. These actions further solidify the bullish outlook for the fourth quarter. We also expect economic indicators to continue to influence Bitcoin price action. Next week, the U.S. will release important monthly labor market statistics, along with economic data on the banking sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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