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10x Research: Changes in the investment environment have triggered a surge in pursuit of high-risk, high-return assets

Bitget2024/09/25 01:33

According to Bitget, a report released by 10x Research states that since mid-March, Bitcoin has gone through a turbulent correction period, characterized by four low-level rebounds. If it breaks the $65,000 level, it implies that this downward trend may reverse and suggests that Bitcoin might aim for over $70,000 again. As we emphasized in our previous reports, Bitcoin is likely to hit new highs in the fourth quarter. Changes in the investment environment have triggered a surge in pursuit of high-risk and high-return assets.

In addition, 10x Research believes that the trading volume of alternative currencies has surged significantly and there's been a noticeable deviation from the original "Korean traders' first choice was Bitcoin in August" towards more volatile alternatives.

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