PANews reported on November 2nd that 10x Research published an article on its X platform stating, "Bitcoin declined after speeches by Federal Reserve officials, as market expectations for future interest rate cuts became more cautious, suppressing demand for risk assets. MicroStrategy reported quarterly earnings, benefiting from its Bitcoin holdings, which further strengthened institutional demand. The increasing momentum of US crypto legislation and ETF applications continues to support the long-term bullish sentiment for Bitcoin. Amid the interplay of macroeconomic factors and institutional funds, BTC is fluctuating around the $110,000 level, with price movements clearly influenced by policy and capital flows."