This week, the cryptocurrency market is trying to grow. BTC is trading at 68000.00 ( 8.4%), ETH is at 2630.00 ( 7.1%), USDT is around 0.9996 (–0.01%), BNB is around 597.00 ( 4.2%), and SOL is around 154.00 ( 5.3%). By the end of the week, the total market capitalization increased to 2.33T dollars, and BTC’s share in it was 57.7%.

Most experts, including analysts from JPMorgan Chase & Co. and Bernstein Research, associate the positive dynamics with the increased probability of Republican candidate Donald Trump winning the US presidential election. According to the Polymarket forecast platform, the indicator reached 60.7%, the highest since July. The official has previously stated that he is ready to make the United States the cryptocurrency capital of the planet, approve Bitcoin as one of the reserve assets, replace the head of the US Securities and Exchange Commission (SEC) Gary Gensler, and soften the authorities’ attitude towards the digital sector. His rival from the Democratic Party, Kamala Harris, promised to create a regulatory framework to protect investments in cryptocurrencies. According to a joint study by Grayscale and The Harris Poll, more than half of voters prefer the country’s leader to have a positive attitude towards the industry, and the growing likelihood of Trump’s return to the White House has significantly increased traders’ interest in digital assets. Thus, 1.855B dollars was invested in Bitcoin-ETH in four sessions this week, and the total net inflow of funds over the entire ten months of the funds’ work exceeded 20.0B dollars. Note it took gold-based ETFs about five years to achieve a similar result. Investments in Ethereum-ETF also strengthened significantly, amounting to 76.9M dollars.

It is also worth noting that the medium-term restraining factor for the sector remains the likelihood of a slowdown in the US Fed’s monetary policy easing, strengthening the American dollar against alternative assets. After the publication of strong September data, which reflected an increase in employment by 254.0K and a decrease in unemployment to 4.1%, as well as an adjustment of the consumer price index to 2.4% instead of the expected 2.3%, the likelihood of regulator officials changing the pace of interest rate reduction from –50 basis points to –25 basis points in November and December has increased significantly. Some members of the US Fed Board are already considering the possibility of not two but only one change in the cost of borrowing this year. However, political factors have recently prevailed over monetary ones, considered in the quotes.

Next week, most of the largest digital assets may begin to consolidate or continue to grow.