đ#Bitcoinbreaks downtrend, heading towards $70,000! đ
- BTC just surpassed $65,000, target $70,000 in the next 2 weeks, expected to reach new peak by the end of October.
- Reasons for the price increase: stablecoin inflows and global crypto market recovery.
- Binance founder CZ was released from US prison on September 27.
đž Stablecoins explode after FOMC meeting:
- Nearly $10 billion stablecoins were issued after FOMC meeting on July 31.
- Total stablecoin value exceeds $160 billion, USDC is increasingly popular.
đšđł Impact of China's economic stimulus:
- China's $278 billion stimulus plan could push crypto prices up sharply.
- Chinese crypto brokers took in over $40 billion in the first half of the year, 55% from trades over $1 million.
đ BTC volatility drops, opportunity for big investors:
- BTC 30-day volatility below 5-year average, just 41%.
- Institutional investors can bet bigger, BTC likely to hit $70,000 in Q4.
What do you think about this bull run? Comment now! đŹ#Crypto#Blockchain #FinanceNews
