Bitcoin's price dipped ahead of the Oct. 17 Wall Street opening due to rising US jobless claims, impacting interest rate cut expectations. After hitting $68,400, BTC settled around $67,000 despite mixed US unemployment figures. The Federal Reserve is likely to implement a 0.25% rate cut in November, as per CME Group data. The European Central Bank also cut rates by 0.25%. Market focus shifted to the US election and post-election BTC price predictions. While some anticipate a surge past $69,000, others believe the recent momentum may fade. Traders are monitoring key moving averages for price support. This article serves as information and not investment advice, urging readers to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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