cryptocurrency marketThe expected revival did not materialize within the month. Greeks.live researcher Adam, in his statement on his social media account, stated that the upcoming US Presidential elections and interest rate cuts did not have the expected impact on the cryptocurrency market. The expected mobility in the markets could not be achieved and the price increases observed by investors did not occur.
Bitcoin’s Market Dominance Is Increasing Again
during election week market volatility (IV) remained at 55 percent. However, options from previous periods were affected by the moving and renewal processes. This led to a significant decrease in IV. There is a noticeable increase, especially in large volume option transactions. Currently, 40 percent of the market’s trading volume comes from such large transactions. This shows that large investors have more say and influence general investor trends.
Bitcoin 
$66,872 options marketIt brought its dominance back to 2021 levels. This rise Ethereum 
$2,522Directly related to the weakening of (ETH). Market indicators are currently based almost exclusively on Bitcoin data. Ethereum’s poor performance during this period directed investors to Bitcoin. This increased BTC’s influence on the market.
In recent weeks, especially large investors have turned to BTC. While ETH is losing its former strong position, BTC stands out as a more reliable option for investors. Investors’ choices have changed the market dynamics. The general recession in October, combined with this trend, may herald a new era in the cryptocurrency market.
US Presidential Elections and Interest Rate Cuts Did Not Meet Expectations
US Presidential electionsnin and interest rate cutsIt was widely expected that it would have positive effects on the cryptocurrency market. However, these expectations have not yet become reality. Markets continue to be cautious against economic uncertainties and political developments. Investors are closely monitoring election results and global economic policies, but no major capital flows occurred during this period.
Market movements in October so far have fallen short of expectations. Developments such as elections and interest rate cuts have not brought a significant rise in the cryptocurrency market so far. The majority of investors continue to follow a more cautious strategy, keeping BTC at the center.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
