💸 Ethereum's Inflation Threatens 'Ultrasound Money' Status:

Ethereum's inflation rate has surged to 0.74%, raising concerns over its status as 'ultrasound money'. ⚠️ The drop in on-chain activity and lower burn rates, particularly due to the rise of Layer-2 solutions like Arbitrum and Optimism, 📉 has shifted Ethereum's economic status, casting doubt on its deflationary nature. 🧐

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🚀 Bitcoin Hits $62K After US Jobs Report:

Bitcoin rose above $62,000 following an unexpected surge in US job creation in September. 📊 The rally was influenced by the latest nonfarm payrolls report, which showed the US economy added 254,000 jobs, beating expectations. 📈 The strong economic data lowered the probability of additional Federal Reserve rate cuts, contributing to the crypto market's upward trend. 🏦

🌐 Daily Crypto Market Recap:

The global cryptocurrency market is currently valued at $2.24 trillion, with trading volume at $122 billion over the past day. Notable gainers include Beam (BEAM) and Aptos (APT), which rose 10.8% and 10.7%, respectively. 📈 Meanwhile, Bitcoin appreciated 1.6%, trading at $61,607, while Ethereum gained 1.8%, trading at $2,392. 🪙📊

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🔒 Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip

❄️ Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions.

📈 Bitcoin's Recovery Driven by US Financial Concerns:

Bitcoin's recent surge is linked to the US dollar's strength and global financial conditions. Despite historically moving inversely to the US Dollar Index (DXY), Bitcoin is showing signs of resilience due to macroeconomic factors. 🌍 A potential economic stimulus in Japan and rising oil prices 🛢 could further impact global inflation, hinting at increased market liquidity that may benefit Bitcoin. 💹

🆕 CNBC says #Bitcoin "could still reach $100,000 this year" 🥂

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🛡 Over 80% of 2022 Crypto Startups Still Active Despite Market Chaos:

Despite market turbulence and high-profile collapses, 80% of crypto startups that raised funds in 2022 remain active. The infrastructure and CeFi sectors showed the highest success rates, while gaming and metaverse projects faced the highest failure rates. Ethereum remains the top ecosystem for new projects, with Bitcoin-based startups showing remarkable resilience. 🌱

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🛡 Certik Malicious Actors Stole $753 Million in Q3, Phishing Top Attack Vector

🔴 Malicious actors stole $753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes the need for stronger security measures and warns users to be cautious of phishing scams. Ethereum and Bitcoin networks were the hardest hit chains, with combined losses exceeding $600 million.

Crypto Insight 🔎

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🥳 Bitcoin Targets $70K as Stablecoin Inflows and China’s Stimulus Boost Rally:

#Bitcoin has broken out of its recent downtrend, setting its sights on the $70K milestone. Nearly $10 billion in stablecoins entered the market post-FOMC meeting, contributing to the rally. Additionally, #China's $278 billion stimulus plan could spark a parabolic rally in crypto prices, driving global liquidity. 🌐

💭 BlackRock and Fidelity's spot #Bitcoin ETFs did a combined $1.24 billion in trading volume today 💎

🚀 Bitcoin's Window to Reach $100K by Year-End Looks Tight:

Crypto analyst Pav Hundal suggests that while Bitcoin may not reach the $100K mark by year-end, it could still hit a new all-time high in the $75K-$80K range by December. Options traders are positioning for strike prices between $90K and $110K for Christmas Eve, indicating optimism despite recent market uncertainty. 📈

🚀 Over 80% of 2022 Crypto Startups Still Active Despite Market Chaos:

Despite high-profile market collapses, 80% of early-stage crypto startups funded in 2022 are still active, according to Lattice Fund. Infrastructure and centralized finance (CeFi) projects were the most successful, while gaming and metaverse startups had the highest failure rates. Ethereum remains the preferred layer-1 ecosystem for new projects, while Bitcoin-based projects showed the highest resilience to failure. 🌐

🌍 Bitcoin Drops to $60,000 Amid Global Tensions:

Bitcoin fell 3% to $60,000 following rising tensions after Iran's missile strikes on Israel. The crypto market remains sensitive to geopolitical events, causing fluctuations in investor sentiment and asset prices. 📉

👥 Bitcoin ETFs Bleed $242M While Ethereum Funds Follow With $48M in Losses

➡️ On Tuesday, bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin’s value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day’s trading.

🤌 Cleanspark CEO Predicts Bitcoin $200K Peak Within 18 Months

💙 Cleanspark CEO Zach Bradford predicts a dramatic rise in bitcoin’s value, forecasting a peak near $200,000 within the next 18 months. His outlook suggests rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market dynamics.