Kamala Harris talks crypto, as BlackRock drives Bitcoin ETF momentum.

DAILY MARKET OVERVIEW
Crypto Momentum Builds

👋 Happy Thursday Crypto Enthusiasts! It’s another exciting day in the crypto world. Let's dive in!

💰 BlackRock Takes the Lead in Bitcoin ETF Inflows

BlackRock has taken center stage in the crypto space, with its Bitcoin ETF recording the highest monthly inflows for September - $184.4 million.

• This significant boost brings total Bitcoin ETF inflows close to $18 billion since January, as interest in U.S. Bitcoin holdings continues to grow, largely driven by spot ETF demand.

• Not everyone is seeing the same growth, though. Fidelity and ARK saw outflows from their ETFs, reflecting varying investor sentiment.

Meanwhile, Bitcoin is making a bold push to break through the $65,000 resistance, and altcoins are showing promising signs of recovery, adding excitement to the crypto market's growing momentum.

📊 Kamala Harris Supports Blockchain

In the midst of this market activity, Vice President Kamala Harris has voiced her support for blockchain and other emerging technologies.

• Speaking recently, she emphasized the importance of the U.S. staying at the forefront of industries like blockchain, marking a notable moment in her campaign.

Her remarks could signal a shift in how the democratic party approaches crypto if she is elected, especially as we move closer to the 2024 election. The future regulatory landscape remains uncertain, but Harris’ comments suggest the potential for a more open stance on digital assets.

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TWITTER SENTIMENT
Meme Coins Rebirth

Meme coins are making a gradual comeback, and with Bitcoin's recent surge, we're starting to notice signs of recovery across the meme coin market.

According to recent data from @lookonchain, large wallets have been actively accumulating meme coins.

• In particular, over $1 million has been accumulated in Pepe, and nearly $600,000 in MOG, both of which are Ethereum-based meme tokens.

Crypto analysts like Max are also optimistic about meme coins. In their latest podcast, they shared insights, predicting a resurgence in the meme coin market with tokens like Pepe, Andy, and Brett.

While it's not a full-fledged altcoin season yet, clear signs of recovery are emerging. It's recommended to keep a close eye on the market in the upcoming weeks.

NEWS OVERVIEW
The Latest Crypto Headlines 📰 

PayPal Enables U.S. Businesses to Trade Crypto
PayPal now allows U.S. business accounts to buy, sell, and store cryptocurrency, making digital assets more accessible for merchants.

Ethena to Launch UStb Stablecoin
Ethena plans to launch UStb, a stablecoin backed by BlackRock’s tokenized U.S. Treasuries fund, offering businesses a new digital asset option.

Most Airdrop Tokens Lose Value Within 90 Days
A study shows 89% of airdrop tokens lose value within 90 days, with Ethereum and Solana performing better than other blockchains.

Crypto-Friendly NYC Mayor Eric Adams Indicted on Federal Charges
New York City Mayor Eric Adams, a known crypto advocate, has been indicted on federal corruption charges related to his 2021 mayoral campaign.

YOUTUBE INFLUENCER SUMMARY 📷️ 
Lark Davis - Crypto Investors - It Won't Stop... They Can't!!! (26.09.2024 Summary)

Lark emphasizes that central banks, especially in China, won’t stop printing money to stimulate economies. With China injecting massive funds into banks and lowering interest rates, global liquidity is rising, and Lark highlights Bitcoin's strong correlation with this trend, often moving in sync with the global money supply.

• Bitcoin is showing signs of life around the 200-day moving average, a key indicator. If it breaks above $65,500, it could signal an uptrend, potentially pushing toward its previous all-time high of $74,000.
  

• Despite institutional interest, such as BlackRock’s investments, retail investors haven’t returned in large numbers yet. Lark advises being prepared for major price milestones, like $100,000, which could trigger a retail surge and present opportunities to sell for a profit.

He also discusses Ethereum, which is struggling to break key levels, but he remains optimistic it will follow Bitcoin’s lead. He praises Ethereum’s Layer 2 solutions, which are helping ease network congestion and lower fees.

Lastly, Lark highlights the growing interest in newer altcoins like Sui, which are attracting significant attention and funds. He points out that the crypto market often shifts quickly, with new projects capturing the spotlight from older coins.

Josh Olszewicz - Alt Coins: Early Strength Emerges (26.09.2024 Summary)

In his latest video, Josh expresses cautious optimism about altcoins, noting that while some show early strength, the overall market remains uncertain.

He highlights Bitcoin (BTC) as the key factor influencing altcoins, stating that a BTC breakout could be a good opportunity, but if BTC declines, altcoins will likely fare worse.

• Josh points out that BTC hasn't confirmed a full bull trend, making the broader altcoin market speculative for now.

• Despite some individual altcoins like Sui performing well, Josh believes the overall trend remains bearish.

He cautions that short-term gains in a few coins don't indicate a full market recovery. Many altcoins are still below critical levels like the 200-day moving average, signaling weak momentum.

However, Josh acknowledges some positive signs, such as potential double or triple bottoms forming in certain altcoins, which might indicate stabilization. Still, he advises patience, as it's too early to confidently declare a market bottom.

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