⚡️ Bitcoin news and forecast for October 2, 2023

Bitcoin's price broke the $27,100 mark yesterday, and as of Monday morning, it updated its local high at $28,210.

Bitcoin's outlook remains moderately positive. The main attention of the market was focused on the situation with a possible suspension of the US government.

However, this did not happen. At least until November 17, the government will continue to work.

In general, Bitcoin has been in a narrow trading range since the end of the second quarter amid an uncertain macroeconomic outlook.

The Federal Reserve left interest rates unchanged but signaled that interest rates could be raised.

Higher rates tend to make riskier assets less attractive.

The Federal Reserve's hawkish stance increased investor fears, leading to a downturn in both traditional and digital asset markets.

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