Bitcoin surges above $23.7,000 in Wednesday’s comeback

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Rust: Big tokens, especially bitcoin, and any ether will be fine. We are going to see a faster recovery in the crypto markets than in the traditional financial market. ETH is now deflationary as the chain sees tremendously increased activity on top of Ethereum developer engagement, faster improvements to the Ethereum network itself, and faster settlement associated with all activity. Despite unlocking ETH staked with the Shanghai release, many people would be surprised how much of the staking will remain staked. It could move on to liquid staking derivatives which have been a booming market in the Ethereum DeFi ecosystem. ETH at $10,000 by the end of this year retains deflationary momentum: Less supply, more activity and faster circulation require better value and more distribution to drive digital exchanges and digital commerce through layers 1 and 2 of the Ethereum Blockchain.

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