Bitcoin FOMO Is Back: $70K and New Record in Sight
Analyst Markus Thielen of 10X Research has noted that the issuance of $10 billion worth of stablecoins in recent weeks has flooded the crypto market with liquidity.
Impressive gains from the Federal Reserveâs interest rate cut in mid-September, combined with Chinaâs economic stimulus plans, have helped push BTC prices out of their bear market, according to a new research report.
âThe FOMO Ghost Is Back: Do You Hold Enough Bitcoin and Altcoins to Ride the New Wave,â reads the headline of 10X Researchâs latest analysis. âWith bitcoin breaking above $65,000, we expect a rapid rally to $70,000, followed by new highs in the near future.â