Republican

Bitcoin

Impact

<p>After a turbulent October, which saw notable fluctuations, certain <strong>altcoins</strong> stood out with impressive performance, sparking optimism among investors for the final quarter of 2023. Analysts believe this period could mark the beginning of a historical rise for the crypto market. So, what do experts predict for the coming months?</p> 
<h2 id="current-market-analysis-and-expert-insights">Current Market Analysis and Expert Insights</h2> 
<p>Crypto analyst <strong>Miles Deutscher</strong> recently reviewed the market’s current state, noting that the recent downturn was largely driven by delayed <strong>long liquidations</strong>. According to Deutscher, the market saw an unprecedented $2.3 billion sell-off, one of the largest in recent memory.</p> 
<p>“The recent downturn was mainly due to long liquidations, which isn’t entirely unexpected,” Deutscher explained. “Today, I’m planning to make <strong>DCA purchases</strong> in quality altcoins, as I anticipate a deeper yet brief correction and aim to capitalize on it. The market will likely remain volatile due to election-related fluctuations, so I’m avoiding leverage positions.”</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-7218" src="https://deythere.com/wp-content/uploads/2024/11/ABD-secimleri-ve-fiyat-iliskisi-1536x1599-1.jpg" alt="" width="1536" height="1599" srcset="https://deythere.com/wp-content/uploads/2024/11/ABD-secimleri-ve-fiyat-iliskisi-1536x1599-1.jpg 1536w, https://deythere.com/wp-content/uploads/2024/11/ABD-secimleri-ve-fiyat-iliskisi-1536x1599-1-288x300.jpg 288w, https://deythere.com/wp-content/uploads/2024/11/ABD-secimleri-ve-fiyat-iliskisi-1536x1599-1-984x1024.jpg 984w, https://deythere.com/wp-content/uploads/2024/11/ABD-secimleri-ve-fiyat-iliskisi-1536x1599-1-768x800.jpg 768w, https://deythere.com/wp-content/uploads/2024/11/ABD-secimleri-ve-fiyat-iliskisi-1536x1599-1-1475x1536.jpg 1475w" sizes="(max-width: 1536px) 100vw, 1536px"></p> 
<h2 id="impact-of-election-outcomes-on-the-market">Impact of Election Outcomes on the Market</h2> 
<p>Deutscher also shared insights on the possible impact of the U.S. elections on the crypto markets. Observing the <strong>Polymarket</strong> predictions, he noted a correlation between Trump’s decreasing chances and recent market trends. As election day approaches, platforms show an increasing probability for Kamala Harris. Should Harris win, as some polls predict, crypto assets might experience a deeper correction.</p> 
<p>Current polling aligns with a Democratic win, hinting at possible downward movement for <strong>crypto markets</strong> on Tuesday. However, if a surprise win favors Trump, speculation could shift toward the <strong>Fed’s</strong> next Bitcoin reserve increase.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-7216" src="https://deythere.com/wp-content/uploads/2024/11/kategori-bazli-altcoin-getirileri.jpg" alt="" width="937" height="496" srcset="https://deythere.com/wp-content/uploads/2024/11/kategori-bazli-altcoin-getirileri.jpg 937w, https://deythere.com/wp-content/uploads/2024/11/kategori-bazli-altcoin-getirileri-300x159.jpg 300w, https://deythere.com/wp-content/uploads/2024/11/kategori-bazli-altcoin-getirileri-768x407.jpg 768w" sizes="(max-width: 937px) 100vw, 937px"></p> 
<h2 id="top-performing-altcoins-in-october">Top Performing Altcoins in October</h2> 
<p>In the previous quarter, <strong>meme coins</strong> took the lead as the most profitable sector. Data shared by analyst <strong>Daan Crypto Trades</strong> confirms this trend, with meme coins continuing to dominate in recent weeks. The performance has varied widely across sectors, with artificial intelligence coins lagging behind as liquidity flowed towards <strong>AI-based meme coins</strong>.</p> 
<p>“Once again, meme coins led the market in recent performance,” said Daan Crypto Trades. “Artificial intelligence sectors, especially chain-linked AI meme coins, absorbed liquidity but didn’t see notable returns this time.”</p> 
<p>Investors should keep a close eye on the election results, as they could shape crypto market trends in November and beyond. Whether it’s a <strong>Democratic win</strong> potentially pushing for further corrections or a <strong>surprise Republican</strong> victory fueling new speculation, November is set to be a crucial month for the crypto space.</p> 
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    <p>crypto market, altcoins, meme coins, election impact, Fed</p> 
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Top Altcoins in October and Market Predictions for November

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