Market Analysis on October 22, 2024:

Due to rising U.S. Treasury yields and a strengthening dollar, the support provided by the uncertainties of the U.S. presidential election and the Middle East conflict has been offset. Bitcoin ($BTC ) and Ethereum ($ETH ) experienced significant declines after reaching nearly two-month highs, ultimately closing down for the day. The probability of Trump winning has risen to 64.5%, leading Harris by nearly 30 percentage points. Daly from the Federal Reserve stated that there is currently no reason to stop interest rate cuts, although some officials indicated that the pace of rate cuts may slow down in the coming quarters.

BTC reached a high of $69,500 during yesterday's Asian trading session but quickly began to decline, dropping to a low of $66,500 today, and has since rebounded to around $67,500. Ignoring news influences, BTC's expected fluctuation range today is between $68,800 and $66,000.

$ETH also set a new high since September yesterday, peaking at around $2,770 before starting to decline, dropping to a low of $2,612, and currently, ETH's price is around $2,644. Ignoring news influences, ETH's expected fluctuation range today is between $2,700 and $2,580.