Many people are wondering: Why did BTC suddenly take off, while many altcoins fell instead, and some altcoins did not follow suit. why is that?

In the currency circle, the total amount of liquidity is very limited. Once the price of Bitcoin rises, capital flows will converge in its direction, and altcoins will naturally encounter a situation of "blood-sucking" funds. When Bitcoin enters a sideways trading phase, some altcoins will have the opportunity to start trading.

Currently, market expectations for a 25 basis point rate cut at the Federal Reserve’s interest rate meeting on November 7 have reached approximately 93%.

Therefore, in November, the most significant impact on the currency circle will be the US election. If Trump wins the election, it will be good for the entire encryption industry, and currency prices will most likely rise sharply. #美SEC对XRP裁决提出上诉 #特朗普家族加密项目 #DOGE飙升