{"id":376,"date":"2024-09-27T16:16:39","date_gmt":"2024-09-27T16:16:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=376"},"modified":"2024-09-27T16:16:39","modified_gmt":"2024-09-27T16:16:39","slug":"bitcoin-could-sail-to-70k-on-the-tailwinds-of-stablecoin-minting-chinese-stimulus-renewed-altcoin-activity-10x-research","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=376","title":{"rendered":"Bitcoin Could Sail To $70K On The Tailwinds Of Stablecoin Minting, Chinese Stimulus, Renewed Altcoin Activity: 10x Research"},"content":{"rendered":"<div>\n<p>With <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41070034\/bitcoin-smashes-through-66-000-as-etfs-take-in-365m-to-extend-their-inflow-streak-to-6-str\">breaking above $66,000<\/a>, 10x Research predicts a swift move towards $70,000 and new all-time highs, fueled by stablecoin minting, monetary stimulus in China and renewed altcoin activity.<\/p>\n<p><strong>What Happened:<\/strong> The 10x Research analysts led by Markus Thielen highlighted in their latest report that since the Federal Reserve&#8217;s September rate cut, Bitcoin and <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) have surged 5% and 11%, respectively. <\/p>\n<p>Some altcoins also experienced more impressive gains like <strong>Ethena<\/strong> (CRYPTO: ENA), <strong>Sei<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">SEI<\/a>) and <strong>Shiba Inu <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/shib\/usd\">SHIB<\/a>) reported gains of 54%, 51%, and 36%, respectively.<\/p>\n<p>The analysts point out several factors driving the uptrend:<\/p>\n<p><strong>Stablecoin Minting<\/strong><\/p>\n<p>The uptrend is supported by accelerating stablecoin minting, with nearly $10 billion issued in recent weeks, surpassing Bitcoin ETF flows.<\/p>\n<p>Circle, the company behind (CRYPT: USDC) and known &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41070497\/bitcoin-could-sail-to-70k-on-the-tailwinds-of-stablecoin-minting-chinese-stimulus-renewed-\" alt=\"Bitcoin\" could sail to on the tailwinds of stablecoin minting chinese stimulus renewed altcoin activity: research>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With Bitcoin (CRYPTO: BTC) breaking above $66,000, 10x Research predicts a swift move towards $70,000 and new all-time highs, fueled by stablecoin minting, monetary stimulus in China and renewed altcoin activity. What Happened: The 10x Research analysts led by Markus Thielen highlighted in their latest report that since the Federal Reserve&#8217;s September rate cut, Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-376","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=376"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/376\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}