Bernstein: Bitcoin price could bottom out if Trump wins

A new report from Bernstein Research suggests that the cryptocurrency market, especially Bitcoin, may undergo significant changes based 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 only when the crypto market becomes interested in Trump's potential victory will Bitcoin prices bottom out, as the crypto market continues to interpret Republican victories as favorable factors for crypto policies." This insight comes at a time of range-bound fluctuations in cryptocurrency prices, which Bernstein attributes to the uncertainty of the US election.