Bitwise Research Director Analyzes Four Catalysts That Could Drive Crypto Markets Higher

BlockBeats news, on October 26, Bitwise research director Ryan Rasmussen posted on social media to analyze four catalysts that may drive the cryptocurrency market higher, including the US election and regulatory progress, interest rate cuts and economic stimulus, re-acceleration of ETF flows, and killer applications and exciting new product launches, as follows:

· US election and regulatory progress: The uncertainty of the election results is dragging down market sentiment. But the crypto space now has the most effective political lobbying and bipartisan support in Congress. Therefore, no matter who enters the White House, it is expected that legislation supporting crypto technology will be passed by Congress.

· Interest rate cuts and economic stimulus: The market has entered a global monetary easing cycle. In the future, any signs of economic weakness will be overwhelmingly stimulated. Low interest rates, loose funds and government support create an attractive environment for cryptocurrencies.

· Re-acceleration of ETF flows: Major securities firms are expected to allow Bitcoin ETFs to be recommended to clients in the coming months. This could lead to a stellar period of ETF flows in Q4 and 2025, and could drive Bitcoin prices to new all-time highs.

· Killer apps and exciting new product launches: Cryptocurrency is booming due to the emergence of killer apps and new blockchains, from stablecoins to DePIN to prediction markets, multiple killer apps are expanding simultaneously. At the same time, optimism is also building around new blockchains such as Near, Sui, Aptos, and Monad.