- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
10x Research: Bitcoin is expected to hit a new high, and a sharp rise is coming
BlockBeats news, September 28, according to the latest report released by 10X Research, since the Fed's mid-September rate cut and China's stimulus plan, Bitcoin's strong rise has made it out of the downward trend. With Bitcoin breaking through $65,000, 10x Research expects it to quickly rise to $70,000 and then hit a record high in the short term.
Markus Thielen, founder of 10X Research, said that the amount of stablecoin minting increased sharply after the Fed's July meeting, when the Fed announced at the meeting that it would maintain interest rates unchanged, but hinted that it might relax policies in September. In the following weeks, the amount of stablecoin minting approached $10 billion, injecting liquidity into the cryptocurrency market and significantly exceeding the spot ETF flow. It is particularly noteworthy that Circle's USDC accounts for 40% of the recent stablecoin inflows, which is much higher than normal, as the minting of USDC may indicate an increase in DeFi activity.
Markus concluded that the market is very likely to rise strongly in Q4, and it may be in the early stages of the rise. A sharp rise may be coming, which will trigger more FOMO in the cryptocurrency field.
You may also like
Lido DAO’s Increased Development and Market Dynamics Elevate LDO Price
Key Takeaways Lido DAO’s development activities have surged by 690%, signifying substantial growth. The Lido DAO token (LDO)…
Hyperliquid Whales Shift Strategies: BTC Longs Decline, ETH Shorts Dominate
Key Takeaways A significant reduction in Bitcoin long positions has been observed on Hyperliquid, with large holders decreasing…
Token VS Equity: The Aave Controversy
December 26th Market Key Intelligence, How Much Did You Miss?
Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis
Trust Wallet Browser Extension Security Incident Leads to Losses
Key Takeaways Trust Wallet identified a significant security breach in its browser extension version 2.68. Approximately over $6…
Bitcoin Surges Toward $90,000 as $27 Billion Crypto Options Expire
Key Takeaways Bitcoin’s price is nearing the $90,000 mark amid increased market activity following the holiday lull. The…
Bitcoin Options Set to Expire, Potentially Altering Price Beyond $87,000 Range
Key Takeaways A historic Bitcoin options expiry event, valued at $236 billion, is set to occur, potentially impacting…
Ethereum Price Prediction: Whales Accumulate as Market Awaits Key Break
Key Takeaways Ethereum’s price remains in a “no-trade zone” between $2,800 and $3,000 amid low market activity. Whale…
Matrixport Predicts Limited Downside for Bitcoin Amid Market Caution
Key Takeaways Matrixport’s report suggests Bitcoin’s downside risks are decreasing, with the market moving towards a phase where…
Bitcoin and Ethereum Options Expiry Shakes Market Stability
Key Takeaways The largest options expiry in cryptocurrency history is occurring today, involving over $27 billion in Bitcoin…
Trust Wallet Hack Results in $3.5 Million Loss for Major Wallet Holder
Key Takeaways A significant Trust Wallet hack led to the theft of $3.5 million from an inactive wallet.…
PancakeSwap Launches LP Rewards on Base Network
Key Takeaways PancakeSwap has introduced liquidity provider (LP) rewards for 12 v3 pools on the Base network, facilitated…
BDXN Wallets Deposit $400,000 in Tokens to Multiple Exchanges
Key Takeaways BDXN project wallets have transferred approximately $400,000 worth of tokens to various exchanges. The transfers involve…
Crypto Derivatives Volume Skyrockets to $86 trillion in 2025 as Binance Dominates
Key Takeaways Cryptocurrency derivatives volume has surged to an astronomical $86 trillion in 2025, equating to an average…
Ethereum in 2026: Glamsterdam and Hegota Forks, Layer 1 Scaling, and More
Key Takeaways Ethereum is poised for crucial developments in 2026, particularly with the Glamsterdam and Hegota forks. Glamsterdam…
Social Engineering in the Crypto Universe: Safeguarding Your Assets in 2025
Key Takeaways Social engineering, a psychological manipulation tactic, has been the leading cause of crypto asset theft in…
Kraken IPO to Rekindle Crypto’s ‘Mid-Stage’ Cycle: A Comprehensive Analysis
Key Takeaways: Kraken’s anticipated IPO in 2026 could significantly attract fresh capital from traditional financial investors, marking a…
Lido DAO’s Increased Development and Market Dynamics Elevate LDO Price
Key Takeaways Lido DAO’s development activities have surged by 690%, signifying substantial growth. The Lido DAO token (LDO)…
Hyperliquid Whales Shift Strategies: BTC Longs Decline, ETH Shorts Dominate
Key Takeaways A significant reduction in Bitcoin long positions has been observed on Hyperliquid, with large holders decreasing…
Token VS Equity: The Aave Controversy
December 26th Market Key Intelligence, How Much Did You Miss?
Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis
Trust Wallet Browser Extension Security Incident Leads to Losses
Key Takeaways Trust Wallet identified a significant security breach in its browser extension version 2.68. Approximately over $6…
Popular coins
Latest Crypto News
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App