10x Research: The market's expectations for future Fed rate cuts have become cautious, suppressing demand for risk assets.

BlockBeats news, on November 2, 10x Research published an article stating, “Bitcoin (BTC is currently below the 7-day moving average: bearish, below the 30-day moving average: bearish, with a rise of +1.8% in the past week) fell after comments from Fed officials, as the market's expectations for future interest rate cuts became cautious, suppressing demand for risk assets. MicroStrategy announced quarterly profits, benefiting from its Bitcoin Holdings, which further strengthened institutional demand. The momentum for U.S. crypto legislation and ETF applications continues to grow, sustaining the long-term bullish sentiment for Bitcoin. Amid the interplay of macro factors and institutional funding strength, BTC fluctuated around the low of 110,000 USD, with price movement clearly influenced by policies and capital flows.”