According to the latest data, the current market value of the encryption market is 1.32 trillion, with a market value increase of 1.06%, a 24-hour market value increase of 13.9 billion market value, a 24-hour transaction decrease of 16.83%, and the current transaction volume is 30.05 billion. Judging from the line chart, the market value of the crypto market declined from morning to noon, and in the afternoon the market value increased again and returned to 1.32 trillion. The change in market capitalization during this period was not obvious.

Among the broad categories of the crypto market, Bitcoin and Ethereum dominate. Data shows that Bitcoin accounts for 52% and Ethereum accounts for 17.2% of the market. However, the 24-hour market value of Bitcoin decreased by 0.59%. The current market value is 681.616 billion, and the 24-hour market value decreased by 4 billion. At the same time, Bitcoin’s 24-hour transaction volume increased by 22.97%, and the current transaction volume is 12.343 billion. From the perspective of trading depth, the trading depth of Bitcoin fluctuating by 2% is around 40-50 million, of which the trading depth of Bitcoin fluctuating by 2% is slightly less, and the overall trading depth is slightly reduced compared to yesterday's trading depth. Currently, the main body of transactions is still completed on Binance. 15% of Bitcoin transactions are completed on Binance, while the proportion of Coinbase transactions is basically the same as yesterday, at 1.62%.

It can be seen from the proportion of mainstream exchanges that as the price of Bitcoin stabilizes or fluctuates, the popularity of Bitcoin is gradually declining, and the transaction volume is also showing a downward trend. For the current crypto market, there are two main factors affecting market sentiment: First, in the early morning period, Bitcoin experienced a rapid decline and then a rapid rise in just a few hours. This kind of market consumes a lot of traders' emotions, and this short-term sudden rise and fall makes people become more sensitive and "timid" about the market. At the current stage, we are waiting for Bitcoin to continue to fluctuate or rise. Only the stabilization of Bitcoin can bring an emotional boost to the entire market. Secondly, although there is no major data stimulation this week, there are many opportunities for Fed officials, including Powell, to speak. Fed officials speak almost every day. Thursday is the U.S. unemployment benefit data for early November, and Friday is the University of Michigan's U.S. consumer confidence index. These factors can have a direct impact on the price of cryptocurrencies such as Bitcoin.

In addition, we also need to pay attention to some details and changes. For example, there have been no significant changes in the holding and circulation of Bitcoin and other cryptocurrencies. The current holdings and circulation in the market are relatively stable. Position holders continue to wait and see, while the remaining circulating chips are constantly changing hands among retail investors. In addition, although the overall trading sentiment in the crypto market has weakened, this does not mean that the activity of altcoins will decrease. On the contrary, in the event of a correction in Bitcoin, altcoins may become more active.

To sum up, judging from the latest data, the dynamic changes in the 24-hour encryption market are generally relatively stable. Although the market value has increased, the change is not obvious. The proportion of mainstream currencies such as Bitcoin and Ethereum remains stable. However, the decline in trading volume and popularity may be due to the recent cautious market sentiment. In this case, we need to pay attention to the impact of Fed officials' speeches and related economic data on the market, and at the same time pay attention to the dynamic changes of altcoins, comprehensively analyze and formulate investment strategies, and do not blindly follow the trend to avoid unnecessary losses.