PANews September 25 news, 10x Research said in its latest report that since mid-March, Bitcoin has experienced a volatile adjustment characterized by four lower highs. A break above the $65,000 level would herald a reversal of this downward trend, indicating that Bitcoin may once again target levels above $70,000. As previous reports have emphasized, Bitcoin is likely to hit a record high in the fourth quarter. The market trend has shifted significantly after the Fed's rate cut, and investors' preference for DeFi and high-beta assets has begun to rise. Several key themes emerged at the Token2049 conference, hinting at the impact of rate cuts on the DeFi revival, such as the tokenization of physical assets, which showed a lower market demand for treasury-type on-chain tokens, because lower interest rates make them no longer attractive. As Bitcoin breaks through $60,000 and targets $65,000, savvy traders have begun to accumulate undervalued altcoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT, betting on a strong rebound in the fourth quarter.
