<ul><li>Financial analysts at Kobeissi predict a 25 bps rate cut by the US Federal Reserve in November.</li><li>US jobs rose by 254,000 in September, surpassing expectations, leading to speculations of a rate cut.</li><li>Kobeissi states the possibility of a 25 bps rate cut is 93%, which is lower than previous expectations of a 50% cut.</li><li>Bitcoin showed a positive reaction to the employment report, rising by 2.53% to trade above $62,000.</li></ul>

Bitcoin Set To Rally As Analysts Back 25Bps Cut By Fed – Details

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