Crypto Market Forecast 25 October 2024

Oct 25, 05:12 PM

The cryptocurrency market is experiencing a mixed trend, with certain coins showing bearish tendencies, while others indicate potential upside movement. Over the next 24 hours, Bitcoin, Dogecoin, and Polkadot are expected to face a slightly bearish trend, while Ether and Avalanche show signs of strength. A bearish trend is predicted for Binance Coin, XRP, and Cardano.

Looking at the week ahead, Bitcoin, Uniswap, Avalanche, Binance Coin, and Cardano are expected to gain, while Dogecoin and Polkadot are predicted to experience weaker performance.

External factors are contributing to market uncertainty, including the upcoming U.S. election results and the Federal Reserve’s decision on interest rates. Investors are cautious, leading to short-term volatility. Analysts note that regardless of the election outcome, the crypto market is expected to benefit in the long run, with many signaling a bullish outlook for Bitcoin.

Despite these conditions, Bitcoin rose slightly by 0.5%, while Ethereum fell by 2.1%, reflecting market divergence. The total market capitalization of these two coins still dominates the overall crypto market, comprising 68%.

Crypto Market Forecast 25 October 2024: Based on the mixed short-term signals and ongoing market uncertainties (particularly linked to U.S. politics and monetary policy), I predict that the crypto market will see volatility, with major assets like Bitcoin likely experiencing small gains due to a bullish sentiment ahead of potential Federal Reserve decisions. However, altcoins like XRP, Cardano, and Polkadot could face short-term bearish pressure, especially if global macroeconomic factors continue to drive caution among traders. Longer-term prospects seem more favorable, particularly for Bitcoin and Ethereum.