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Share link:In this post: Global liquidity is skyrocketing as central banks pump trillions into the market, setting the stage for a massive bull run. Bitcoin is closely tied to this and is expected to soar as liquidity injections continue. Institutions are being cautious, parking $2.5 trillion in the Fed’s reverse repo facility, but liquidity is still flooding the market.
Share link:In this post: October has historically been a bullish month for Bitcoin. Bitcoin’s price cycles typically start gaining traction around 170 days after a halving, peaking roughly 480 days later. Both major U.S. candidates are showing an increased interest in digital assets, adding another layer of optimism to Bitcoin’s outlook.
After bitcoin’s recent surge above $66,000, bullish sentiment flooded the market. But could this be why the coin failed to unlock $70,000?
- 13:36Financial Giant Charles Schwab: Will Consider Offering Cryptocurrency Trading Services If Regulations ChangeOn October 1, Charles Schwab, a financial giant with $7.13 trillion in assets under management, said the company is willing to provide cryptocurrency trading services if the relevant laws change. Charles Schwab is one of the largest investment services firms in the U.S. Founded in 1971, it offers a wide range of investment products and financial services, including stocks, bonds and mutual funds. (Cointelegraph)
- 13:23Bitcoin Closes September Up 7.3%, Biggest Gain in 11 YearsOn Oct. 1, Bitcoin closed up 7.3 percent in September, marking its biggest September gain in 11 years, according to Bitcoin Archive.
- 13:22REPORT: Fed Rate Cut, China Credit Expansion & Key Agreements Drive DeFi RecoveryOn Oct. 1, Apollo Crypto reported that DeFi's recovery has been fueled by the Federal Reserve's interest rate cuts, credit expansion in China and improvements in DeFi infrastructure. The report noted that the Fed's interest rate cuts have created a more attractive investment environment for risky assets such as bitcoin and ethereum, while the People's Bank of China's easing policy has supported DeFi growth. In addition, key infrastructure improvements in DeFi protocols such as Aave and Uniswap, as well as new tools such as cbBTC introduced by Coinbase, are attracting more capital to the DeFi space.
