{"id":138117,"date":"2024-09-28T21:00:42","date_gmt":"2024-09-28T18:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138117"},"modified":"2024-09-28T13:47:14","modified_gmt":"2024-09-28T10:47:14","slug":"bitcoin-and-altcoins-on-the-verge-of-explosive-growth-says-10x-research","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-and-altcoins-on-the-verge-of-explosive-growth-says-10x-research\/","title":{"rendered":"Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research"},"content":{"rendered":"

Since these developments, Bitcoin<\/a> <\/strong>has most major altcoins, including memecoins, have experienced significant surges.<\/p>\n

Thielen reported<\/a> <\/strong>a significant increase in altcoin trading and stablecoin issuance, with Chinese OTC brokers noting over $120 billion in inflows over the last six quarters. Recently, $10 billion in stablecoins entered the market, enhancing liquidity and surpassing Bitcoin ETF investments. He suggested that Bitcoin’s rise above $65,000 could lead to $70,000 and potentially new all-time highs.<\/p>\n

A decline in Bitcoin’s market dominance and rising Ethereum<\/a> <\/strong>gas fees were attributed to increased altcoin activity. Thielen pointed out that falling 10-year bond yields below 4% have revived interest in decentralized finance (DeFi), with stablecoin inflows reaching $35 billion this year, pushing the total stablecoin value beyond $160 billion.<\/p>\n