ChainCatcher reported that recently, multiple Bitcoin ETFs have been approved, boosting institutional investors' interest in Bitcoin. However, the upcoming election may introduce regulatory changes, which could affect Bitcoin's growth, especially if the elected candidate is unfavorable to cryptocurrencies.

For Ethereum, Nick Forster, founder of the DeFi Options platform, said that the DeFi ecosystem may face regulatory scrutiny depending on the election results. He further explained that the current market volatility reflects traders' expectations of increased uncertainty.