**Bitcoin Breaks Out: Eyes on $70K Milestone**
Bitcoin is making headlines again! According to a recent 10x Research report, Bitcoin has surged past $65,000, aiming for the $70,000 mark within the next two weeks. This bullish trend is driven by a flood of stablecoin liquidity and a general recovery in the crypto market.
Key Points:
- Nearly $10 billion in stablecoins were issued post-FOMC meeting, boosting market liquidity.
- The total value of outstanding stablecoins now exceeds $160 billion, with Circle’s USD Coin (USDC) gaining popularity among institutional investors.
- China's $278 billion stimulus plan could further fuel Bitcoin's rise, with significant inflows already noted.
Despite the rally, Bitcoin's volatility remains low, making it attractive for institutional traders. If trends continue, Bitcoin could hit new all-time highs by late October. Stay tuned!