First, here are the upcoming major new hot spots in the coin industry

• The first one is Ethereum. The annual Ethereum Developers Conference is finally here and will be held on November 12 in Bangkok, Thailand. God V and the entire Ethereum Foundation will attend the presentation. At that time, some details of the upcoming Prague upgrade and the specific upgrade schedule should be announced. Therefore, the new Ethereum market should start as a result, and it will also accelerate its rise two months before the Prague upgrade, forming a major upward wave until the first quarter of next year.

  Keep in mind the current price of Ethereum 2,600; it will reach 8000 early next year. Ethereum's various racetrack leaders, Ecocoins PEPE, AAVE, and ENS are all ready. The project parties of these coins should all start releasing benefits with the November conference and the Prague upgrade later. You can look forward to it.

• Second, Binance's Blockchain Week will be held in Dubai on October 30th. What gives this conference special significance is that Zhao Changpeng, the king of the coin industry, will attend. This is his first public appearance since his return, and he also attended the Beyond conference. This will also break the rumor that Zhao Changpeng cannot get close to America. The Chinese pay more attention to the queue. At that time, it is quite possible that they will announce something favorable, or pull a table or something. Therefore, the BNB coin and Binance ecosystem cake at the end of this month will also have a good chance of flying.

Bitcoin officially broke through 0.068 million dollars before 20:00 during the volatile rise last night, hitting a high of $68,422, after experiencing large fluctuations that washed down the previous day (15). However, there was a surge in sales. The writer currently reports an interim report of $67,676, up 0.61% in the past 24 hours.

If the main players want to continue washing the market, they may retest the previous low of $67,130. If they can't pull back quickly and then drop $66,800, this may mean that the upward trend will change, so investors are advised to be careful about the risk.

The Ethereum section is even weaker. Although it also rallied with Bitcoin last night, it soon returned to the $2,600 level and continued to fluctuate. The writer currently temporarily reported $2,618, which is a slight decrease of 0.07% in the past 24 hours.On the other hand, the US election has become the next big catalyst. The impact of the US election is not limited to traditional assets; the cryptocurrency market will also be affected. It is expected to continue to ferment until election day on November 5, or even days or weeks after the election is over, depending on how fast the votes are counted.

As the US presidential election approaches, Trump leads Harris in approval ratings, particularly according to Polymarket data. Toyshares said in the American Inflow Report that the signal that the political trend is shifting to the Republican Party has had an important impact on the cryptocurrency market. In particular, the current Democratic administration may be replaced by the Republican Party, and capital inflows from cryptocurrency investment products have increased significantly.

Over the past week, capital flows across the market have changed from net outflows to net inflows. Among them, most capital inflows are still concentrated in Bitcoin. Meanwhile, Ethereum continues to be in a near-outflow state. From a global perspective, capital inflows have increased significantly, especially in the US. The data shows that the US market has become the main engine for capital inflows.