CoinVoice recently learned that 10x Research released a report stating that since the Federal Reserve cut interest rates in September, Bitcoin has risen by 5%, while Ethereum has soared by 11%, and altcoins are exploding. As stablecoin minting accelerates and Chinese over-the-counter brokers report billions of dollars in inflows, there seems to be a possibility of further increases. As Bitcoin breaks through $65,000, we expect it to quickly rise to $70,000 and then set a new all-time high in the short term.
China’s $278 billion stimulus package could ignite a parabolic rally in cryptocurrency prices, fueled by increased global liquidity. If Trump is re-elected, he may seek to over-stimulate the U.S. economy, potentially forcing the Fed to reverse its rate-cutting cycle as early as the first half of 2025.
It said the target for the next two weeks is $70,000 and is expected to hit a new all-time high before the end of October. [Original link]
