The article discusses the potential impact of two upcoming catalysts on the crypto market: the 2024 U.S. elections and a global liquidity cycle for risk assets. The relationship between election outcomes and crypto prices is examined, revealing no clear trend so far. However, as Election Day approaches, this relationship may strengthen. The article also explores how changes in interest rates have affected the crypto market, with the current consensus suggesting that lower rates could create a unique macro backdrop for crypto. Overall, the article suggests that the next one to three months will be crucial in determining the direction of the crypto market.
- Content Editor ( coindesk.com )
- 2024-10-02
Crypto at a Pivotal Moment