The future of cryptocurrencies uncertain for investors as upcoming US elections are primed to impact market performance.
Ethereum (ETH) records a mild decline in price, as investors brace themselves for potential volatility.
DeFi proponents reveal that the industry could face regulatory scrutiny in the long-term.
The upcoming U.S. Presidential elections are expected to influence the cryptocurrency market, with Bitcoin and Ethereum likely to see price volatility.
Bitcoin has recently surged following the approval of multiple Bitcoin-based Exchange Traded Funds (ETFs), but election outcomes could shift its performance. Meanwhile, Ethereum’s price has faced a decline, as traders brace for potential changes in DeFi regulations under the next administration.
Bitcoin has been riding a wave of institutional interest, driven by the recent approval of several Bitcoin ETFs. However, the upcoming elections may introduce regulatory changes that could affect this growth, especially if a candidate unfavorable to cryptocurrencies is elected. For Ethereum, uncertainties around DeFi regulations are already impacting investor sentiment, with its price dropping by 4% amid …
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