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.
