**Bitcoin Rises Amid Economic Shifts**

Bitcoin (BTC) saw a 2.4% uptick after retesting the $59,900 support level on Oct. 3, despite initial resistance at $62,000. This boost was driven by macroeconomic factors like strong US employment data, Japan's potential economic stimulus, and concerns about the US financial system.

Interestingly, the US dollar hit a 50-day high against major currencies, defying its usual inverse relationship with Bitcoin. The "Milkshake Theory" suggests the US dollar is absorbing global liquidity, attracting capital due to higher interest rates and strong economic fundamentals.

US payroll data showed 254,000 new jobs in September, surpassing expectations and strengthening the dollar. Meanwhile, Japan plans economic relief to combat deflation, and rising oil prices are fueling global inflation fears.

In this environment, Bitcoin might benefit from increased fiat money supply, but gains could be limited as investors seek safer assets. The S&P 500, bolstered by tech giants, is seen as a safer bet amid potential recession concerns.

Billionaire Stanley Druckenmiller warns the Fed is "trapped" on interest rate cuts, with 15-20% of his portfolio in rising US Treasury yields. Rising repurchase agreements signal limited Fed liquidity, supporting Bitcoin's recent performance amid fiscal worries.