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Has the crypto market bottomed? Look out for these 5 keywords

Is the crypto market primed to rebound? Santiment believes several words uttered on social media could hold the answer. 

There are at least five keywords that could signal a crypto market bottom, according to crypto research firm Santiment.

The price of Bitcoin (BTC) slipped 3% in the last 24 hours following heightened geopolitical tensions in the Middle East. Crypto traders are increasingly concerned with what escalating conflict would mean for risk assets.

In an Oct. 2 blog post, Santiment director of marketing Brian Quinlavin said when five main “fear” words are used frequently on social media, it can help traders identify if the market is overly fearful and potentially primed for a breakout.  

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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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