Bitcoin becomes the market focus due to Ethereums fraudulent activities Latest cryptocurrency news

CoinJnet News Report:
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 expectations of a potential interest rate cut did not have the anticipated impact on the cryptocurrency market. Therefore, traders have not experienced the price surge they hoped for.
Why is Bitcoin dominating?
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 significantly decreased. The trading volume of options has soared, 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 the level of 2021, mainly due to the underperformance of Ethereum. The current market analysis is mainly 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 focus to Bitcoin, recognizing its reliability. This shift is reshaping market dynamics, indicating that in the relatively stagnant October, cryptocurrencies are 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.
Expectations brought by the US presidential election and interest rate cuts have not been realized, which has kept many investors cautious. The lack of significant capital inflows continues to make Bitcoin the main focus of the cryptocurrency market.