PANews reported on September 25 that Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that the current economic situation in the United States is conducive to driving up the price of Bitcoin. After the Federal Reserve cut interest rates last week, the U.S. Treasury yield curve steepened, with the yield spread between 2-year and 10-year Treasury bonds at about 21 basis points, indicating that the market is optimistic about future economic growth. At the same time, the bullish sentiment in the Bitcoin derivatives market has increased, and the opening volume of the $100,000 Bitcoin option expiring on December 27 has increased significantly. In addition, U.S. Vice President Kamala Harris' recent remarks in support of encryption technology are also seen as market optimism.