Bitcoin with a big bounce after hitting the lowest in 14 months
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Bitcoin experienced a significant rebound after hitting a 14-month low of $72,903, rising to $76,250. Ethereum also saw a notable increase, climbing to $2,300 from $2,109. The stock market, particularly the S&P 500, showed some recovery, but not as robustly as cryptocurrencies. The overall market remains volatile, with concerns about underlying economic conditions and potential inflation if rate cuts occur in a strengthening economy. Recent strong ISM manufacturing data and the end of the US government shutdown add to the uncertainty surrounding future market responses.
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