10x Research: Institutional FOMO, DeFi fever, and regulatory benefits drive a surge in altcoins In its latest report, 10x Research stated that the cryptocurrency market has surged across the board this week, with Bitcoin breaking through the $95000 mark, driven by factors such as easing macro risks, record inflows of ETF funds, and a weakening US dollar. Following closely behind are altcoins, with a surge in institutional interest, ecological expansion, DeFi explosion, and a warming regulatory trend becoming the main drivers.