Decrypt reports that the crypto market has been largely calm recently, with Bitcoin's volatility not exceeding 6% over the past month, currently priced at approximately $81,735, down 1.2% on the day. Jake Koch-Gallup, Senior Research Analyst at Blockworks, and André Dragosch, Head of Research at Bitwise Europe, believe this low volatility could be a positive sign of an impending bull market, as historical data often shows significant price movements following periods of low volatility.

However, Carlos Guzman, VP of Research at crypto trading firm GSR, attributes the market stagnation primarily to "risk-off" sentiment stemming from global macroeconomic complexities and concerns about AI stocks. Key catalysts for market direction in the next two weeks could include the Federal Reserve's interest rate decision (October 28), the expiration of $11.69 billion in Bitcoin options (October 30), and the U.S. midterm elections (November 3). Additionally, a resolution to tensions in the Strait of Hormuz could also boost the market. BlackRock's Bitcoin ETF recorded $665.2 million in inflows on Monday. While major cryptocurrencies consolidate, small-cap tokens like Brave browser token BAT and Collector Crypt have seen significant gains.