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The massive rally of digital currencies in the fourth quarter of 2024

According to Markus Thielen, director of research at 10x Research, breaking the $65,000 resistance in Bitcoin is likely to lead to a massive rally in the digital currency in the fourth quarter of 2024. The increase in the multiplication of stablecoins and the decrease in the dominance of Bitcoin after the meeting of the US Federal Reserve's Open Market Committee (FOMC) in September are important factors in this prediction. The increase in Ethereum (ETH) network fees also indicates the increase in activity of altcoins. In South Korea, the daily trading volume has reached about 2 billion dollars and Shiba Inu (SHIB) has become the leader of the trading volume. In China, OTC brokers have reported inflows of around $20 billion. The report predicts that Bitcoin's next target will be $70,000 in the next two weeks, after which it will hit a new high in late October.🔵