{"id":115219,"date":"2024-10-17T15:11:09","date_gmt":"2024-10-17T08:11:09","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115219"},"modified":"2024-10-17T15:11:09","modified_gmt":"2024-10-17T08:11:09","slug":"bitcoin-set-to-rise-beyond-70000-in-coming-weeks-experts-say","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115219","title":{"rendered":"Bitcoin Set to Rise Beyond $70,000 in &#8216;Coming Weeks,&#8217; Experts Say"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin\u2019s price surge shows no signs of slowing down, with some predicting a breach of the $70,000 price tag in the coming weeks.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The world\u2019s largest crypto is currently trading at over $67,600 after swelling to highs not seen since the beginning of August, CoinGecko data shows.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Yet is the current rally sustainable?<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">According to Jonathan de Wet, chief investment officer at Zerocap, <a href=\"https:\/\/decrypt.co\/resources\/what-is-bitcoin-four-minute-instant-guide-explainer\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">Bitcoin&#8217;s<\/a> upward momentum remains robust, he opined in an investor <\/span><a href=\"https:\/\/zerocap.com\/insights\/articles\/the-defiant-featured-zerocap-bitcoin-breaks-65k-as-short-traders-face-liquidations\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">note<\/span><\/a><span style=\"font-weight:400\"> on Wednesday.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">\u00a0\u201cWe see [Bitcoin] at $70,000 in the coming weeks,\u201d de Wet stated, pointing to a technical breakout providing a solid foundation for further gains.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Several tailwinds are beginning to converge, including political developments in the U.S., fueling optimism over favorable policy geared toward the crypto industry.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Republican nominee and former President Donald Trump has vowed to make the U.S. the world\u2019s <\/span><a href=\"https:\/\/decrypt.co\/244506\/donald-trump-bitcoin-crypto-campaign-promises\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\"><span style=\"font-weight:400\">crypto capital<\/span><\/a><span style=\"font-weight:400\">, alongside protecting users\u2019 right to custody their assets.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Democratic nominee and current Vice President Kamala Harris, meanwhile, has promised to create <a href=\"https:\/\/decrypt.co\/286304\/kamala-harris-likely-to-be-more-supportive-of-crypto-than-joe-biden-galaxy-research\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">rules<\/a> of the road for crypto while attempting to foster innovation.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Trump&#8217;s plans to create a <\/span><a href=\"https:\/\/decrypt.co\/242027\/never-sell-your-bitcoin-trump-us-strategic-stockpile\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\"><span style=\"font-weight:400\">Bitcoin reserve<\/span><\/a><span style=\"font-weight:400\"> could mark a turning point for crypto regulation, Andy Lian, an intergovernmental blockchain expert, told <i>Decrypt<\/i>.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">\u201cThis political backing could lead to a more favorable regulatory environment, boosting investor confidence and demand,\u201d Lian said.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Lian believes Bitcoin will reach its all-time high next week, driven by global monetary policies, including extensive rate cuts by major central banks that could boost risk assets, including crypto.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Still, questions linger over China&#8217;s economic strife, de Wet said, which includes soaring local government debt, slow growth, and weak demand for goods and services.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The world\u2019s second-largest economy has vowed to inject <\/span><a href=\"https:\/\/decrypt.co\/283418\/bitcoin-holds-above-65000-after-chinas-policy-bazooka-stimulus\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\"><span style=\"font-weight:400\">hundreds of billions of dollars<\/span><\/a><span style=\"font-weight:400\"> through stimulus measures to kickstart its stock market and spur demand.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">There\u2019s also concerns surrounding <\/span><a href=\"https:\/\/decrypt.co\/284183\/bitcoin-safe-haven-israel-iran-tensions\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\"><span style=\"font-weight:400\">geopolitical tensions<\/span><\/a><span style=\"font-weight:400\"> in the Middle East as the region remains a dominate player in energy production and trade suppy chains.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">However, traders have nothing to fear from that end if BitMex co-founder Arthur Hayes\u2019 <a href=\"https:\/\/decrypt.co\/286547\/bitcoin-rise-stupendously-geopolitical-tensions-arthur-hayes\" target=\"_blank\" rel=\"noopener\" class=\"sc-adb616fe-0 bJsyml\">musings<\/a> turn out to be right.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i>Edited by <a href=\"https:\/\/decrypt.co\/author\/sebastian\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">Sebastian Sinclair<\/a><\/i><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/286814\/bitcoin-rise-beyond-70000-coming-weeks-experts-say\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price surge shows no signs of slowing down, with some predicting a breach of the $70,000 price tag in the coming weeks. The world\u2019s largest crypto is currently trading &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115219\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115219","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115219"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115219\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}