Deutsche Bank: Bitcoin stabilized due to overnight gains in US stocks and improved risk appetite.

Deutsche Bank analysts noted that Bitcoin recently stabilized after falling below $100,000 for the first time since June, driven by an overnight rebound in US stocks and improved risk appetite. They stated that the main driving factors were better-than-expected economic data and growing speculation that the US government shutdown might be nearing its end. This boosted investor optimism about the short-term outlook, leading to strong performance across risk assets, including Bitcoin. Wednesday's ADP US private employment report and ISM services purchasing managers' index also both exceeded expectations.