đšBitcoin Surges Towards $70K Amid Stablecoin Inflows
Bitcoin has surged past $65,000, driven by increased stablecoin inflows and Chinaâs economic stimulus measures. A recent report from 10x Research highlights that Bitcoin has broken its downtrend, setting a target of $70,000 in the next two weeks. This boost in liquidity is seen as a key driver behind the rally, alongside a broader recovery in the global crypto market.
đšNew All-Time Highs Expected
Analysts anticipate that Bitcoin could reach new all-time highs by late October, fueled by these positive market conditions and renewed investor optimism. Binance founder Changpeng Zhaoâs release from U.S. custody also aligns with the marketâs positive momentum.
