**Bitcoin Surges Amid Fed Rate Cut and China Stimulus Plans đ**
Bitcoin has broken out of its downtrend, thanks to the U.S. Federal Reserve's mid-September rate cut and China's stimulus measures, according to 10X Research's Markus Thielen. Bitcoin is now trading at $66,300, up 2.3% in the past 24 hours and nearly 12% month-over-month.
Key points from Thielen's analysis:
- Bitcoin could swiftly move toward $70,000 and new all-time highs.
- A sharp increase in stablecoin minting, especially USDC, suggests rising DeFi activity.
- China's monetary and fiscal stimulus could trigger large capital outflows into crypto.
What do you think? Is a Q4 rally on the horizon? Share your thoughts in the comments!
