The latest "Bitfinex Alpha" report shows that the crypto market has experienced low volatility leading up to the US presidential election, with investors taking a cautious approach. Bitcoin's implied volatility in the options market is around 40%, indicating cautious sentiment among traders. However, the report predicts a potential surge in volatility between November 5 and November 8, possibly due to sharp price movements during the election week. Recent corrections in Bitcoin and altcoin prices reflect underlying concerns, and the pending approval of options on spot Bitcoin ETFs may add complexity to the market and trigger future movements. Bitcoin's dominance has reached a cycle high of 60.62% due to investor preference for established assets over altcoins. Altcoins have seen a significant downturn, with tokens outside the top 10 losing 45% of their value since March. The report suggests that altcoins may continue to underperform Bitcoin in the near term, barring any major catalysts. Bitfinex emphasizes that Bitcoin may continue to outperform altcoins, especially without immediate positive drivers for smaller tokens.



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