Santiment: Bullish sentiment in the market after Bitcoin hits low early this morning
On October 11th, Santiment, a cryptocurrency market research firm, posted on social media that Bitcoin hit a low of $58,900 in the early morning, marking the lowest point in three weeks. However, market data shows that traders believe this drop is a buying opportunity and the narrative has turned bullish. In addition, US CPI data met expectations and the market still believes there will be a 25 basis point rate cut in November.
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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