Analyst: The macro factors affecting the performance of cryptocurrencies are shifting from monetary policy to the U.S. election

In a message from ChainCatcher, Coinbase analysts David Duong and David Han stated, "Despite the sluggish price trend of Bitcoin this week, market sentiment has remained largely unchanged. This is evidenced by the stable funding rates for perpetual contracts and open interest over the past week." The Coinbase analysts pointed out that macro factors affecting cryptocurrency performance are shifting from monetary policy to US election results. Despite recent rises in CPI and core PPI, expectations for rate cuts remain broadly stable.