Rate cuts, a stimulus package, and imminent ETF options offer new compelling reasons for robust Q4 momentum.
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Crypto sensitivity to economic data continues
Bitcoin rallied above $63,000 with a 9% weekly gain following the Fed’s rate cut, while ETHBTC reclaimed 0.04 as ETH saw a 15% gain. The Chinese central bank added to easing liquidity conditions by lowering both interest rates and reserve requirements. These actions further bolster the bullish outlook for Q4. We also expect economic indicators to continue influencing bitcoin price action. Next week sees the monthly release of important U.S. labor market statistics, accompanied by a banking h
