Ethereum

Bitcoin

While Bitcoin is showing volatile movements ahead of election day, Bitfinex analysts still said that expected volatility remains low ahead of the election. 
Bitfinex analysts noted in their latest Alpha report that volatility remained low and calm as investors took a cautious approach ahead of the US elections. 
At this point, analysts stated that Bitcoin's implied option volatility is around 40%, and that this rate reflects the cautious market sentiment. 
While volatility currently remains low, analysts expect an increase in volatility between November 5 and November 8 due to possible sharp price swings during election week. 
At this point, Bitfinex analysts argued that the increase in volatility could contribute to the price increase of Bitcoin, writing in the report: 
<blockquote> 
 “If the expected volatility does not materialize, this could be an indication of a more significant problem and a much deeper correction for BTC in the near term. 
 From an options market perspective, indifference to price action and strong put buying generally reflect a bearish sentiment.” 
</blockquote> 
Additionally, analysts said the “Trump trade” narrative for Bitcoin could end after the elections. 
<h2 id="declines-in-altcoins-may-continue">Declines in Altcoins May Continue!</h2> 
Finally, analysts who evaluated the situation of altcoins stated that regardless of the election results, altcoins other than Bitcoin and Ethereum (ETH) may face further declines. 
Analysts stated that altcoins, especially those outside the top 10 cryptocurrencies, could experience a significant decline that could continue after the election, and said: 
<blockquote> 
 “While Bitcoin dominance has reached 60.5%, altcoins continue to lag behind, with most outside the top 10 down 45% since March. 
 We believe that the altcoin market could experience further declines compared to Bitcoin in the medium term, primarily due to speculators’ lack of interest. 
 This general lack of interest among investors suggests that an upward move in altcoins will not happen without a significant catalyst.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitfinex-analysts-announced-their-bitcoin-and-altcoin-expectations-warned-altcoins-other-than-these-may-experience-further-declines/">Bitfinex Analysts Announced Their Bitcoin and Altcoin Expectations, Warned! "Altcoins Other Than These May Experience Further Declines!"</a>

Bitfinex Analysts Announced Their Bitcoin and Altcoin Expectations, Warned! "Altcoins Other Than These May Experience Further Declines!"

Table of Contents

Bitcoin Sistemi EN

Other articles published on Nov 5, 2024

Crypto Industry Surpasses Wall Street and Big Oil with $238M in U.S. 2024 Election Contributions

Cardano Hits An Exciting Milestone With Its Latest Governance Upgrade

Experts Now Share Their Surprising Price Targets For SHIB

DWF Labs Dismisses Partner Amid Drink-Spiking Allegations in Hong Kong

Bernstein Analysts Forecast Bitcoin Could Surpass 200K Irrespective of US Election Outcome

AMP Price Prediction 2024-2030: Will AMP Hit $0.020?

Join our free newsletter for daily crypto updates!