PANews reported on August 19 that according to Decrypt, a new report from Bernstein Research suggests that the cryptocurrency market, especially Bitcoin, may undergo a major shift depending on the results of the upcoming US presidential election. Analysis shows that Donald Trump's potential victory could catalyze a bottoming out of Bitcoin prices, leading to an increase in the prices of major cryptocurrencies. The report states: "We believe that Bitcoin prices will bottom out only when the crypto market becomes interested in Trump's possible victory, as the crypto market continues to interpret the Republican victory as a favorable factor for crypto policy." This insight comes as cryptocurrency prices remain range-bound, and Bernstein attributes this to the uncertainty of the US election.
