Santiment: Bullish sentiment emerged in the market after Bitcoin hit a low point early this morning

October 11 news, cryptocurrency market research institution Santiment posted on social media that Bitcoin touched $58,900 in the early morning today, marking a three-week low.

However, market data shows that traders believe this decline is an opportunity to buy at a low point and the narrative has turned bullish. In addition, U.S. CPI data also met expectations and the market still expects a 25 basis point rate cut in November.