🌇 Ethereum Undervalued, Bitcoin Faces Pressure Amid Fed Bets
⚡ CryptoTrendz - 📌 Real-Time Trendz: Catch Up!:
BlackRock sees $2-3B in outflows from IBIT, with Bitcoin as a last-resort asset if mNAV drops. Bitcoins 2022 bear market hits a 98% correlation, while $220M flows into ETFs. Fed rate cuts boost $BTC, but Bitcoin drops 5% amid liquidations. Meanwhile, Ethereum’s undervalued and crypto lending thrives. ✨Here’s an overview:
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*🔖 Market Trends and BTC Movements:
🔹BlackRock notes Nov outflows and calls the move ‘perfectly normal’. Source
🔹ETF inflows keep BTC in focus as bear-market correlations rise. Source
🔹Rate-cut bets spark talk of BTC breaking 91K resistance. Source
🔹Bitcoin slips about 5% as Sunday liquidations surge. Source
🔹CEO hints BTC could be sold as a last resort if capital is tight. Source
*🔖 Valuation, ETFs, and Lending:
🔹Ethereum valuation models show ETH is undervalued. Source
🔹$25B crypto lending market now led by transparent players, Galaxy notes. Source
🔹Grayscale to launch the US’s first spot Chainlink ETF via trust conversion. Source
🔹HashKey eyes Hong Kong listing as China chills stablecoin plans. Source
*🔖 Regulation & Global Policy:
🔹Tether CEO slams S&P and influencers spreading USDt FUD. Source
🔹China reaffirms crypto ban amid renewed speculation. Source
🔹Ripple expands payment activities in Singapore. Source
🔹PlayStation plans stablecoin payments by 2026 as crypto payments arrive. Source
*🔖 Security & Risk:
🔹David Sacks calls NYT conflict report a ‘nothing burger’. Source
🔹Telegram’s Cocoon decentralized AI network goes live. Source
🔹Spear phishing remains North Korea’s top tactic, with safety tips advised. Source
🔹Expect edge-case risks as BTC nears volatility with a potential 50K scenario. Source
*🔖 Mining, Labor, and Crypto Flows:
🔹Rising Japanese bond yields could shift carry trades and crypto flows. Source
🔹A weakening US labor market adds pressure on Bitcoin and crypto prices. Source
🔹China’s Bitcoin mining activity surges again after a 4-year crackdown. Source
🔹Bitcoin price slides toward $85K as December risks mount. Source