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Institutional capital inflows and economic recovery have doubled to become Bitcoin
This is an important foundation for Bitcoin to break through the $70,000 mark.
Bitcoin price has broken through the key resistance level of $65,000, and the market is paying close attention to this. Whether there are enough bullish catalysts to sustain this rally still requires further analysis.
Technical indicators also support this prediction. Although Bitcoin has recently experienced a brief period of overbought conditions, the overall data shows that the market is gradually stabilizing. If Bitcoin can consolidate above this key level, it may not only drive its own upward momentum, but also lead to a recovery in the altcoin market.
The current market conditions provide a good opportunity for Bitcoin and altcoins to recover. If this bullish trend continues, the entire cryptocurrency space is likely to witness further growth in the future.
The altcoin market, especially smaller and more volatile cryptocurrencies such as TAO, ENA, SEI, and APT, may benefit from this upward trend as decentralized finance (DeFi) is gaining attention. Despite the challenges of weak fundamentals, technical signals for Ethereum also show the potential for a rebound.
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From a macroeconomic perspective, expectations of lower interest rates in the United States and renewed interest from long-term institutional investors are important drivers of Bitcoin's rise. In particular, as signs of global economic recovery strengthen and U.S. housing prices hit record highs, concerns about a stock market bubble have eased. The strength of the U.S. stock market is particularly evident in the technology sector, with several technology giants such as Alibaba, Tesla and Apple achieving gains of more than 30%. The strong performance of technology stocks also provides indirect support for Bitcoin as investor sentiment gradually improves under loose monetary policy.
Changes in money supply (M2) are closely related to Bitcoin prices. Historical data shows that when liquidity increases, the probability of Bitcoin rising reaches 83%. Compared with gold, Bitcoin is more sensitive to M2, which means that Bitcoin has greater potential for growth in the context of global monetary easing. In particular, the stimulus measures that governments may re-introduce further strengthen Bitcoin's position as an asset to hedge against inflation and currency depreciation.
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The recent inflow of funds into spot Bitcoin ETFs has reached $242 million, indicating that the demand from institutional investors is rising rapidly. Previously, the market was skeptical about the entry of institutional funds, but with the approval of ETFs from large institutions such as BlackRock and the increase in fund inflows, market sentiment has changed significantly, and investors' risk appetite has also increased.
Overall, the factors driving Bitcoin's rise include a positive macroeconomic environment, strong performance in the technology industry, increased money supply, and institutional capital inflows. As well as candidates' support for cryptocurrencies, these factors interact to lay the foundation for Bitcoin to move towards $70,000. Although Bitcoin may face some volatility in the short term, from the current market environment, the upward momentum seems to be relatively solid.
02
Recommended high-quality coins:
BUT
Current price: 0.02149
Alchemy Pay is the world's most adaptable crypto payment infrastructure and the leading decentralized digital currency payment solution and technology provider in the Asia-Pacific region. It has developed Asia's first cryptocurrency and fiat currency hybrid payment solution, which can provide fast, secure and convenient aggregated digital currency and fiat currency payment technology solutions for more than one million online and offline merchants. Alchemy Pay is currently working on launching its second-generation decentralized payment system (ADPS2.0), integrating DeFi aggregation and the powerful Alchemy Trust system to open up a trusted authentication channel between centralization and decentralization. ACH is a token issued by Alchemy Pay to incentivize ecological, system access consumption and governance. The total amount is 10 billion, of which 51% will be mined through continuous payment and financial ecological behaviors after the launch of ADPS2.0.
NULL
Current price: 0.4117
NULS is a blockchain infrastructure that provides customizable services and is a global blockchain open source community project. It adopts the microservice concept to achieve a highly modular underlying architecture, uses module warehouses, smart contracts, cross-chain technologies, and combines the ability of chain factories to quickly build chains to reduce blockchain development costs and promote the implementation of blockchain commercial applications.
WHERE
Current price: 0.3301
Decentraland consists of a decentralized ledger of land ownership, a protocol that describes the content of each land, and a peer-to-peer network for user interaction. Decentraland is a distributed shared virtual platform. On the platform, users can browse and discover content and interact with other people and entities. Users can also claim ownership of virtual land through the blockchain-based land ledger. Land is a non-fungible, transferable, scarce digital asset stored in Ethereum smart contracts and can be purchased with an ERC20 token called MANA. MANA can also be used to purchase digital goods and services in the virtual world.
THERE IS
Current price: 0.4075
Cardano is an open-source proof-of-stake (PoS) blockchain network, a decentralized and public blockchain. It is developing into a decentralized application (DApp) development platform with multi-asset ledgers and verifiable smart contracts. Cardano is built using rigorous high-trust formal development methods to gradually achieve the scalability, interoperability and sustainability required for practical applications. ADA is the currency of the Cardano protocol.
03
Previous reviews:
On September 19, DODO was the first to respond. The currency that Binance is promoting will rise, and currently has a 50% increase.
BNB has always been a powerful currency, which is unmatched by any other currency.
The three major empowerments surrounding BNB at present are: Launchpool, Megadrop, and BNBHoler.
However, at the current point in time, BNB is still affected by CZâs release from prison, and may yet start another wave of price increases based on sentiment.
Before the holiday, the club recommended that everyone deploy BNB around 550. Now BNB has reached 580, which has completed a 10% increase. However, for the extra BNB, it can be held for a long time. Breaking 600 is just a matter of time.
TIA can be said to be the most popular one today, because of its financing benefits, which is also a huge pump. As a modular currency, the increase from our 5.8 tip to 6.5 is also more than 15%. The spot just follows the hot spots.
The recent market has also rotated to the public chain sector. This sector is basically accumulated in the bear market and exploded in the bull market, such as sol and ftm, which have created a hundred-fold increase. Sui is also hoarded near 0.91. It has risen to 1.37 and has increased by more than 50%. Some of it will go, and the hot spots will be grasped again.
