We have entered the second month of the last quarter and cryptocurrency investors are now waiting for the boring movements to end. Since March peak Bitcoin It remains stuck below $73,777. The price, which rose to $73,600 in the past few days, started to decline due to signals that geopolitical tension will increase and the US election. So what is the latest situation in cryptocurrencies?
Bitcoin (BTC) Latest Status
Volumes are down again and the lack of interest as a weekend classic remains. There are losses exceeding 5 percent in some of the altcoins. Bitcoin (BTC) 
$69,625 The price is $68,666. If the performance in 2021 is repeated, BTC should rush to new peaks this month, but for this, the US elections must first be left behind.
The new US President will be announced on November 5. cryptocurrencies Who will be the new US President has never been more important than today. Trump’s important supportive statements regarding cryptocurrencies and Bitcoin aroused excitement. If he is elected, a huge upward movement will need to start next week.
Remember the day of the bullish breakout at $40,100. Then BTC soon rose to an all-time record level. Now we should see such a breakout and its return to support above $70,000. New all-time record highs will follow. Maintaining $69,000 as support is important to limit the decline. Volatility due to news flow in the coming hours may lead to major bottoms/tops between $80,000 and $55,000 at the extreme.
Cryptocurrencies Latest Status
The total volume of all cryptocurrencies decreased to 55 billion dollars. The volume, which decreased by 37 percent compared to yesterday, falls as a weekend classic. The fear and greed index is at 55. IMX Coin It was the altcoin that lost the most this week, falling by 18 percent. The reason is that he is the last lucky one (!) to be sued by the SEC.
MEW, TAO, BEAM, HNT, WLD, TIA, NOT, WIF, BONK and BRETT Coin are other cryptocurrencies that experienced double-digit losses. SEC’s ongoing lawsuits show that institutional pressure on cryptocurrencies may continue after the elections. The only way to prevent this is for Trump to appoint a crypto-supporting president. SEC members Uyeda and Peirce said that the institution has always made mistakes so far, perhaps it could be one of these two.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
