💵 Bitcoin ETFs Jump by $235M, Ether Funds Experience No Change 🔥 According to the latest figures from sosovalue thespot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded

🪙 Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish Trend 📢 As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion. The 1-hour, 4-hour, and daily charts all suggest the market is in a holding pattern, as traders anticipate a clearer direction for ethereum’s next move. Crypto Insight 🔎

🪙 Bitcoin is the best-performing asset so far this year - NYDIG 🔒 There is no second best 🙈

🚀 Bitcoin: Still the Best-Performing Asset After Weak Q3: Despite a "seasonally weak" Q3, Bitcoin remains the best-performing asset of the year, boasting a 49.2% year-to-date gain. 📊 Key factors behind this performance include demand from U.S. spot ETFs and increased corporate ownership by firms like MicroStrategy and Marathon Digital. The upcoming U.S. election is expected to play a significant role in market movements for Q4, with predictions suggesting a bullish period ahead. 🗳️

🪙 Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks 🏠 According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer records grow annually for nine of the past 15 years.

💸 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. 🧐

🚀 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.