Today, the crypto market is still affected by quite high volatility. Bitcoin (BTC) and Ethereum (ETH) remain the main focus of investors, with a steady increase in trading volumes in crypto derivative products such as futures and options. However, there has been a tendency for volume to slow down in recent weeks after the peak of volatility in early Q3 2024. Currently, Bitcoin and Ether contracts continue to dominate trading activity.
In October, the market also experienced positive sentiment due to the US Federal Reserve's interest rate cut and China's looser monetary policy. This has increased investor interest in various assets, including crypto, despite some concerns about inflation and global economic uncertainty.
Overall, despite supportive macroeconomic factors, the crypto market is still very sensitive to further developments in global economic policy and the launch of new products, such as the spot ETF for Ether which triggered increased liquidity in early October.
