Express
Thielen: Bitcoin FOMO Signals $70K Surge and New Record Highs in Sight
Summary: Markus Thielen from 10X Research has highlighted Bitcoin's recent climb past $65,000 as a signal for potential gains toward $70,000 and beyond. This surge is fueled by a flood of liquidity into the market, largely driven by a $10 billion rise in stablecoin minting following the U.S. Federal Reserve’s rate cut in mid-September and China's ...
Markus Thielen from 10X Research has highlighted Bitcoin's recent climb past $65,000 as a signal for potential gains toward $70,000 and beyond. This surge is fueled by a flood of liquidity into the market, largely driven by a $10 billion rise in stablecoin minting following the U.S. Federal Reserve’s rate cut in mid-September and China's economic stimulus efforts.
Thielen points to Circle's USDC leading the wave of stablecoin inflows, a potential sign of increased decentralized finance (DeFi) activity. He anticipates a strong rally in the fourth quarter, with Bitcoin’s recent 12% monthly gains adding to growing market momentum and triggering fear of missing out (FOMO) among investors.
Tags: Bitcoin,FOMO,Stablecoin
Link: Thielen: Bitcoin FOMO Signals $70K Surge and New Record Highs in Sight [Copy]
