Bitcoin will stagnate until next year while the market focuses on ETH

Based on current analyses, it seems that Bitcoin is likely to stagnate until next year, while the cryptocurrency market will focus more on Ethereum (ETH). The market has gone through a period of significant volatility, with factors such as the upcoming US presidential election potentially playing a crucial role in Bitcoin's price trends. If Donald Trump wins, this could stimulate a rapid increase in Bitcoin's price due to his pro-cryptocurrency stance. Conversely, if Kamala Harris wins, there may be a sell-off, leading to a short-term decrease in Bitcoin's price.

Additionally, uncertainty about regulations, as well as challenges from cryptocurrencies companies like Consensys, may make investors more cautious. Many experts also believe that current investor interest is focused more on traditional financial platforms rather than cryptocurrency-derived companies like ETH. However, some optimistic forecasts suggest that Bitcoin could reach $100,000 by the end of 2024, due to factors such as the upcoming halving event.