ChainCatcher news, according to Decrypt, a new report from Bernstein Research shows 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 the 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.