🚀Crypto market bounces back as supply overhang fears from Mt. Gox's planned 140,000 BTC distribution are deemed overblown. Bitcoin trades above $61,000, a stark contrast to Monday's low of $58,580. However, BTC's 10% dip this month could signal a tightening liquidity in financial markets.📉

🗳️Decentralized predictions platform Polymarket sees Trump as the clear favorite for the 2024 U.S. Presidential Elections with a 57% chance of winning. His pro-crypto stance could make BTC and the wider market a bet on his presidency.🇺🇸

📊Upcoming U.S.-based spot ether ETFs may see less demand than their BTC counterparts, says broker Bernstein, due to the lack of an ETH staking feature in the ETF. However, analysts believe this could contribute to healthy liquidity in the ETF market over time.🤔

Your thoughts? #CryptoNews #Bitcoin #Ethereum #Election2024