The key variable for risk assets is the U.S. economy as concerns of a recession linger, crypto investment firm Ryze Labs said.

• Bitcoin, ether (ETH) advanced 2%-3% over the past 24 hours on strong day for cryptos.
• BTC bottomed last week and should rise further based on daily cycles theory, according to chartist Bob Loukas.
• The Federal Reserve is expected to lower interest rates next week, but market participants are divided on the size of the cut.

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