The U.S. election became the next big catalyst. The impact of the US election is not limited to traditional assets, the cryptocurrency market will also be affected, and is expected to continue to play out until Election Day on November 5th, and even days or weeks after the election, depending on how the votes are counted. speed.
As the U.S. presidential election approaches, Trump is leading Harris in the polls, especially according to Polymarket data. Toyshares said in an Americas inflow report that signals that political trends are shifting toward the Republican Party have had an important impact on the cryptocurrency market. In particular, as the current Democratic administration is likely to be replaced by the Republican Party, the inflow of funds into cryptocurrency investment products has increased significantly.
Over the past week, capital flows across the market have shifted from net outflows to net inflows. Among them, most of the inflows are still concentrated in Bitcoin. At the same time, Ethereum continues to be in a state of near outflow. From a global perspective, especially in the United States, the growth of capital inflows is more obvious. Data show that the U.S. market has become the main engine of capital inflows.
