According to Odaily, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, has indicated that the current economic conditions in the United States are conducive to a rise in Bitcoin prices. Following the Federal Reserve's interest rate cut last week, the yield curve for US Treasury bonds has steepened, with the difference between 2-year and 10-year Treasury yields standing at approximately 21 basis points. This suggests a market optimism regarding future economic growth.

Additionally, bullish sentiment in the Bitcoin derivatives market has increased, as evidenced by a significant rise in open interest for $100,000 Bitcoin options expiring on December 27. Furthermore, recent supportive comments on cryptocurrency technology by US Vice President Kamala Harris are also seen as a positive factor for the market. Notably, Vice President Harris made these remarks on Sunday, September 22, marking her first public endorsement of encouraging cryptocurrency business.