Improvement in risk appetite stabilizes Bitcoin.

Deutsche Bank analysts pointed out that Bitcoin has stabilized recently after falling below $100,000 for the first time since June, due to the overnight rebound of the US stock market and improved risk appetite. They stated that the main driving factors were better-than-expected economic data, as well as speculation in the market that the US government shutdown may soon end. This has boosted investors' optimism about the short-term outlook, with overall good performance of risk assets including Bitcoin. The ADP US private employment report and the ISM non-manufacturing Purchasing Managers Index released on Wednesday were also better than expected.