Bitcoin is showing strong signs of a bullish trend in October, driven by expectations of a Federal Reserve rate cut and a significant increase in corporate Bitcoin holdings. Data from CME indicates a 96.7% chance of the Fed lowering interest rates this month, which historically favors Bitcoin price gains around 20% during October. Institutional investors now hold over $117 billion in Bitcoin, with record acquisitions from leading companies such as Strategy and MARA Holdings. Technical analysis highlights Bitcoin’s solid support above $109,000 and potential breakout targets up to $117,600. Additionally, Bitcoin Hyper emerges as an innovative Layer 2 solution building on both Bitcoin’s security and Solana’s speed, offering new possibilities for smart contracts and decentralized applications.
Continue to read Bitcoin Set for Major October Rally as Fed Rate Cut Likely and Corporate Holdings Surge
Bitcoin is showing strong signs of a bullish trend in October, driven by expectations of a Federal Reserve rate cut and a significant increase in corporate Bitcoin holdings. Data from CME indicates a 96.7% chance of the Fed lowering interest rates this month, which historically favors Bitcoin price gains around 20% during October. Institutional investors now hold over $117 billion in Bitcoin, with record acquisitions from leading companies such as Strategy and MARA Holdings. Technical analysis highlights Bitcoin’s solid support above $109,000 and potential breakout targets up to $117,600. Additionally, Bitcoin Hyper emerges as an innovative Layer 2 solution building on both Bitcoin’s security and Solana’s speed, offering new possibilities for smart contracts and decentralized applications.
Continue to read Bitcoin Set for Major October Rally as Fed Rate Cut Likely and Corporate Holdings Surge
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