#The latest news on the crypto market shows quite diverse dynamics. Bitcoin prices have experienced a significant correction in recent days, triggered by the sentiment of the approaching US election and the uncertainty of economic policies that have the potential to affect the direction of the market. Analysts predict that Bitcoin will have difficulty breaking through the $70,000 mark in the near future and has the potential to fall to the support level of around $55,793 by the end of the year before recovering in early 2025.

Meanwhile, the altcoin market, especially meme coins such as Dogecoin and Shiba Inu, has experienced high volatility. The meme coin named "MOODENG" actually soared after being listed on Binance Futures, although most other similar coins looked sluggish following Bitcoin's weakening trend. Negative sentiment also spread to Ethereum, with concerns about the potential for further declines in the coming months.

Overall, the crypto market is in a critical phase, with the global market capitalization possibly facing a major breakout in the near future. This development has made investors wary and tend to wait for further clarity regarding global economic and political conditions before making major investment moves 【6†source】【7†source】.$BTC