**Bitcoin Dips as US Jobless Claims Stir Rate Cut Uncertainty**

Bitcoin (BTC) saw a slight dip as Wall Street opened on Oct. 17, reacting to mixed US jobless claims data. BTC/USD hovered around $67,000 after peaking at $68,400, an 11-week high.

The latest jobless claims were lower than expected, but ongoing claims were higher, casting doubt on the Federal Reserve's potential rate cuts. Markets still lean towards a 0.25% cut in November. Meanwhile, the European Central Bank confirmed its 0.25% cut.

With no major economic events imminent, the focus shifts to the US Presidential Election, coinciding with the Fed meeting. Analysts remain divided on BTC's short-term trajectory, with some predicting a push towards $73,000, while others foresee a correction.