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Last Week Featured Bullish Continuation

Last Week Featured Bullish ContinuationThis editorial is from last week’s newsletter, Week in Review, with some slight tweaks to dates so the article makes sense. Subscribe to the newsletter to get this editorial the second it’s released, which also includes the biggest stories of the week and a comment on each story. One Week Ago, Bulls Continued Their Parade […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Bitcoin targets $70K as stablecoin inflows and China stimulus boost rally

Bitcoin has surged past $65,000, boosted by China’s stimulus measures and stablecoin inflows.

According to a recent report from 10x Research, Bitcoin has broken out of its ongoing recent downtrend, and the cryptocurrency is now setting its sights on the $70,000 milestone again. 

The report attributes the price surge to a combination of driving factors, including an influx of stablecoin liquidity and a general global recovery for the crypto market.

The change in the tide also comes amid Changpeng “CZ” Zhao, Binance founder and former CEO, being released from United States federal prison on Sept. 27.

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report