The global crypto market cap has slightly increased by 0.37% and is currently around $2.24 trillion, with an FGI of 50 for neutral sentiments. This is due to the upcoming US Presidential elections on November 5, 2024, which have led to increased 24-hour trading volume by 15.32%. Bitcoin and Ethereum are both below expected levels, with Bitcoin trading at $68,483.33 and Ethereum dropping by 1.27% in 24 hours.
Meme coins, such as Dogecoin and Shiba Inu, have seen growth, while XRP gained 0.84% and BNB made a small gain of 0.01%. The US Presidential elections’ impact on the crypto market remains to be seen, as the race is currently close between Donald Trump and Kamala Harris.
