Macro Influences Support Uptober Narrative
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Fears over U.S.–China trade tariffs, a key driver of last weekend’s crash, appear to be easing as President Trump and President Xi prepare to meet.
“Trade conflict is not a zero-sum game,” Sun added. “The eventual outcome is likely to be more moderate than current sentiment implies.”
Other bullish narratives include potential Federal Reserve rate cuts and the ongoing debasement trade, both of which continue to fuel optimism that Bitcoin and the wider crypto market are still on track for a strong Uptober finish.
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Favorable macro conditions could sustain the bullish “Uptober” trend across crypto assets.