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State of the Market. Bitcoin Bounces Back: The Comeback Kid Reclaims $68K 🎉

Bitcoin pulled off a smooth 3% climb, breaking back above $68,000 like it never left. While Solana strutted its stuff, nearing a 3.7% market cap dominance, Ether was left lagging behind like that one friend who’s always late to the party. 🎉 Ether’s been hanging around below its max pain level of $2,600, thanks to some looming options expiry on Oct. 25. But don’t take Ether’s weakness as a bad sign—it’s actually just a reflection of Bitcoin’s sheer dominance right now. 🏆

And it’s not just the coins getting all the love—MicroStrategy had its own little victory parade, jumping 10% as it rolls around in its vast Bitcoin holdings like Scrooge McDuck in his money bin. 💰 The market’s all thumbs-up, and it looks like Bitcoin’s price party is just getting started. 🎊

Whales Go Big or Go Home: Bitcoin Back Above $67K. After a brief 3% stumble, Bitcoin said, “Not today, bears,” and quickly shot back above $67,000. Meanwhile, whales were out there accumulating a record 670,000 BTC, which, let’s face it, is basically their way of saying, “I’ll take all of it, thanks.” 😎 Analysts are calling this a sign of long-term optimism, with Bitcoin’s price likely to do a little sideways shuffle before its next moonshot in the bull market. 🚀🐋

It’s not just whales getting in on the action—institutional inflows into Bitcoin ETFs are still going strong, because apparently everyone’s ready to board the Bitcoin rocket. And then there’s the infamous “golden moment” indicator, flashing bullish like a neon sign in Vegas, hinting that another market upswing might be just around the corner. 🛎️ Next up? Bitcoin’s eyeing $67,800 like a cat stalking its next pounce. Stay tuned for the fireworks. 🎆

Bitcoin is flexing hard, with its dominance surging past 57%, hitting its highest level since March 2021. It’s like BTC is saying, “Step aside, Ethereum, I’m back on top.” Meanwhile, Ethereum's dominance has dipped to 13.5%, a level not seen since before the Merge—ouch. 📉

ETH/BTC Chart… double ouch! 📉

Chart of the Day. BlackRock’s Bitcoin ETF: Wall Street’s New Darling 🎯💰

BlackRock’s spot Bitcoin ETF, IBIT, is flexing its muscles as the most successful new ETF in the U.S. over the last four years, raking in a cool $26 billion in inflows. 😎 That’s right, folks, Bitcoin is not just for crypto nerds anymore—institutions are lining up like it’s Black Friday at Best Buy. And let’s be honest, BlackRock’s got the brand power and marketing wizardry to make anything look like a good idea (remember their push for ESG? 🧐).

Since launch, Bitcoin ETFs have scored inflows in 9 out of the last 10 months, because apparently, optimism around crypto is spreading faster than a TikTok trend. 📈 Everyone’s hopping on the Bitcoin bandwagon, but the real question is: will they stick around when the market decides to take a nap? 🐻

For now, the bull market is cruising along, and it seems like there’s no stopping IBIT’s rocket to the moon. 🚀

Central banks are printing currency like there's no tomorrow.

How To Double Your Net Worth in Crypto in The Next 12 Months 💰

Bitcoin has traded as high as $69,000 already.

That's no coincidence. And this trend is likely to continue.

My friend Dirk has been in the crypto market since 2015 and he's put together a no cost training where he breaks down how he thinks cryptocurrencies (specifically altcoins) are going to have another major bullrun within the next 12 months (maybe even sooner).

He also shows how it's possible to DOUBLE your entire net worth with a small, single-digit percentage of your new worth bet on cryptocurrencies.

Yes, it's completely possible, but the catch is that it's time sensitive. If you wait too long, the market may already be much higher and you'll miss out on huge potential gains.

The only way to make these kinds of huge gains is to get involved when
The markets are way down from their highs (like now).

Don't miss this, there’s not long left and it could literally change your life.

Go watch Dirk's training here now (it's free).

Most Important News of the Day.

Despite some fancy footwork with wallet transfers, Tesla’s still holding on tight to its 11,509 BTC, showing they’re not just playing around. While Bitcoin didn’t budge, Tesla’s Q3 growth did, because, well, they’re Tesla. 🚗💨

In a move that’s sure to ruffle some feathers, Denmark is rolling out a tax on unrealized crypto gains by 2026. So, if you bought Bitcoin back in 2009, congrats—your future taxes will be legendary. 😬

Brad Garlinghouse predicts a big shake-up in crypto regulations after the U.S. election. Whether it's Team Red or Blue in the White House, Garlinghouse says the crypto landscape will look very different. 🌪️

The Pennsylvania House just passed a pro-crypto bill dubbed the "Bitcoin rights" law, which could be a big boost for crypto innovation in the Keystone State. Looks like they’re giving Wyoming a run for its money. 🏆

After a bit of backlash, Michael Saylor has revised his stance on Bitcoin self-custody. Now he’s all in—if you’re capable of handling it, that is. Just don’t lose your keys, people. 🗝️😅

In a wild twist, a government-linked address connected to the 2016 Bitfinex hack was exploited for over $20 million in crypto. Somebody’s got some explaining to do. 🤔💼

Microsoft just tossed “Assessment in Investing in Bitcoin” onto the agenda for their December shareholder meeting. Spoiler: the board’s telling everyone to vote “No.” 😂

Our Daily Pick. ApeCoin: Swinging into the Future with Apes and Tokens 🐒💸

ApeCoin is a decentralized governance and utility token built on the Ethereum blockchain. Launched in March 2022, it’s closely tied to the famous Bored Ape Yacht Club (BAYC) NFT collection—you know, those pricey, cartoon apes that celebs love to flash on social media. 🤳🐵

What’s ApeCoin Used For?

• Governance: ApeCoin holders get to play DAO politics, voting on ecosystem decisions like whether to add sunglasses to a new batch of apes or tackle actual, important changes. 🗳️🐒

• Utility: It acts like the “monopoly money” of the APE Ecosystem, used for transactions, exclusive services, and unlocking cool, gated content. 💸🎮

• Community Building: Because nothing says “community” like a group of people united by their love for overpriced digital apes. 😎🙌

Who’s Swinging the Bananas Behind the Project?

• ApeCoin DAO: It’s community-driven, so no single entity pulls all the strings. But, of course, Yuga Labs (the minds behind BAYC) are involved, even though they claim the DAO is independent. Sure, Yuga, we believe you. 😉

• Backers: Big names like Animoca Brands, blockchain gaming leaders, and Reddit’s Alexis Ohanian are throwing their weight behind it. So, yeah, there’s some real muscle in this jungle. 💪

What about its Tokenomics? 🪙

• Circulating Supply: 752.65M APE

• Total Supply: 1B APE

• Market Cap: $869.23M ranked at #77

ApeCoin’s Superpowers: More Than Just Silly Apes 🦸‍♂️

• Decentralized Governance: ApeCoin holders get a real say in how the project evolves. Think of it as digital democracy but with less paperwork and more memes.

• Community-Driven: The BAYC community is as loyal as it is loud, keeping the ecosystem buzzing. 💬🔥

• Utility Token: It’s not just for show; you can actually use ApeCoin within the ecosystem, not just stare at it on your phone.

ApeCoin Use Cases: More Than Just Monkey Business

• Governance: Vote on key proposals, like who gets to throw the next virtual yacht party. 🎉🛥️

• Transactions: Spend ApeCoin to access exclusive products and services.

• Access: Want that premium feature or cool BAYC swag? ApeCoin’s your ticket. 🎟️

Final Thoughts

ApeCoin is a fascinating project with huge potential, driven by a community obsessed with digital monkeys. Its decentralized governance structure and utility within the NFT space make it a serious player, but with the usual crypto market risks. So, before you start throwing bananas (or your money) at it, DYOR—do your own research. 🧐📊