Your current location is:FTI News > Exchange Dealers
Bitcoin heads toward $70,000, fueled by global monetary easing.
FTI News2025-07-29 19:24:49【Exchange Dealers】9People have watched
IntroductionForeign exchange point calculation,Gift arbitrage,Boosted by global loose monetary policies, Bitcoin is experiencing a new wave of growth. A recent re
Boosted by global loose monetary policies,Foreign exchange point calculation Bitcoin is experiencing a new wave of growth. A recent report from 10X Research predicts that, influenced by the Federal Reserve's rate cuts and China's large-scale quantitative easing policies, Bitcoin prices are likely to break through $70,000 and set new highs by the end of October.
Over the past month, the price of Bitcoin (BTC) has increased by more than 10% and is now stable above $65,000, up over 30% from the previous local low of $49,000. This strong momentum has significantly boosted market confidence, with analysts optimistic about its long-term development prospects.
Bitcoin's current market price is higher than the average realized value over the past year, indicating growing confidence among long-term investors and suggesting a more permanent uptrend.
The latest report from 10X Research further analyzes Bitcoin's market outlook. The report indicates that Bitcoin has successfully reversed its previous downward trend and is moving towards the $70,000 mark, with expectations to surpass this level within two weeks. As the end of October approaches, the market anticipates Bitcoin will reach new historical highs.
In addition to the Federal Reserve's rate cut cycle, 10X Research also emphasizes that China's loose policies will increase global liquidity, leading to a parabolic price rise in the cryptocurrency market. Previously, Bitcoin had once surged above $73,000 following events like the halving event, Trump's support, and the listing of Bitcoin ETFs. This time, it may be gearing up for another wave of growth.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Very good!(733)
Related articles
- winhges.com is a Scam: Beware!
- Wall Street's view on US stock trading has changed: AI bubble is not the main focus anymore.
- Market Insights: March 1st, 2024
- Market Insights: Mar 25th, 2024
- Market Insights: Mar 27th, 2024
- (Latest) FxPro Important Notice: Trading Hours Update During the Catholic Easter Holiday
- Beware of unlicensed entities! UK's FCA blacklists 14 new firms.
- EC Markets·Anying 2023 Review
- August 23 Industry News: FCA Blacklists TT International
- Market Insights: March 1st, 2024
Popular Articles
Webmaster recommended
Varna Trade Review: High Risk (Scam)
A Crazy Prize Pool! The 8th TMGM Global Trading Contest Kicks Off!
Explore M.A.T Multilateral Aggregation Clearing with EC Markets AnYing for cost
The UK's FCA blacklists an additional 12 platforms, 2 of which are clones
Jasper Financial Capital Review: High Risk (Suspected Fraud)
Is Namibia, one of the top 15 oil
Market Insights: Mar 26th, 2024
Market Insights: March 5th, 2024