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

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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