The crypto market rebounded on Tuesday, with analysts saying oversupply concerns related to the planned distribution of 140,000 BTC by former exchange Mt. Gox, exaggerated. Bitcoin was trading above $61,000 after falling to $58,580 on Monday. However, BTC, which serves as a liquidity indicator for macro traders, fell almost 10% in a month.

Traders on decentralized forecasting platform Polymarket have already chosen the winner of the 2024 US presidential election, and it is not incumbent President Joe Biden.

It's possible that U.S.-based spot ether ETFs will see less demand than their already active BTC counterparts, brokerage Bernstein said in a report on Monday.