According to ChainCatcher, the recent approval of multiple Bitcoin ETFs has boosted institutional investors’ interest in Bitcoin. However, the upcoming election may introduce regulatory changes that could affect Bitcoin’s growth, especially if the elected candidates are unfavorable to cryptocurrencies.
As 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.
