Bitcoin Becomes Market Focus Due to Ethereums Counterfeit Activities Latest Cryptocurrency News

Beijing Coin News:
The cryptocurrency market has recently failed to rebound as expected. Adam, a researcher at Greeks.live, emphasized that the upcoming US presidential election and the expected impact of potential interest rate cuts did not have the anticipated effect on the cryptocurrency market. As a result, traders did not experience the price surge they had hoped for.
Why is Bitcoin taking the lead?
Do economic factors influence market trends?
During the election week, market volatility remained around 55%. However, due to the impact of market changes on early options, implied volatility decreased significantly. Options trading volume surged, currently accounting for 40% of the total market activity, indicating that large investors are increasingly driving market trends.
Bitcoin
The dominance of Ethereum has rebounded to 2021 levels, mainly due to the decline in Ethereum’s performance. Current market analysis is primarily based on Bitcoin data, as investors are shifting from Ethereum’s struggles to Bitcoin, thereby enhancing the overall market influence of BTC.
With the decline of Ethereum, large investors have recently shifted their attention to Bitcoin, recognizing its reliability. This shift is reshaping market dynamics and indicates that in the relatively stagnant October, the cryptocurrency market is entering a new chapter.
Key points:
– With the decline of Ethereum, Bitcoin’s market share is rising.
– Large investors are increasingly favoring Bitcoin.
Market volatility remains stable at 55%.
– Economic and political developments are closely watched, but have not yet boosted market activity.
The expected boost from the US presidential election and interest rate cuts has not been realized, keeping many investors cautious. The lack of significant capital inflows continues to make Bitcoin the main focus of the cryptocurrency market.