TechFlow, November 12 — QCP released an analysis brief stating that the U.S. Senate has approved a temporary funding bill extending government funding through January 30, easing immediate shutdown concerns. The bill now requires passage by the House and presidential signature. Markets reacted cautiously to this "kicking the can" solution, with Bitcoin declining during U.S. trading hours but stabilizing around $103,000 in Asian markets.
Meanwhile, weak ADP employment data reignited concerns over a "softening labor market," while the NFIB small business index showed declining sales expectations among businesses. Analysts expect that despite potential volatility in the fourth quarter, underlying Federal Reserve rate cuts and corporate earnings performance should support risk assets and Bitcoin's trajectory through year-end.
