Bitcoin fell last night along with the U.S. stock market due to the inability of the two political parties in the U.S. to reach an agreement, combined with news of military actions in Venezuela. It dropped below the $100,000 mark, but it has since recovered a bit, returning to around $101,700.

From a short-term perspective, it seems like there is support below, and we will continue to watch the macro developments. Don't expect capital flows to drive a rise in the near term, as liquidity is simply insufficient.

The news that could drive up prices might be the U.S. government reopening or an increased likelihood of the Federal Reserve cutting interest rates in December.