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Bitcoin Dominance Rises As Ethereum Faces Challenges In Q3

  • Bitcoin's dominance surged to its highest level since April 2021 in Q3, while Ethereum and smaller tokens reached new yearly lows.
  • Vitalik Buterin sold 10 billion MOODENG tokens for 308.69 ETH, then transferred 260.16 ETH to the charity Kanro.
  • Ethereum spot ETFs experienced a net outflow of $30.69 million, with Grayscale's ETHE seeing a significant outflow.
  • Bitcoin is solidifying its role as a store of value, while Ethereum faces challenges that could impact its valuation and growth potential.

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