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The cryptocurrency market continues to see Bitcoin 
$103,906 trading above $68,000 over the weekend, despite a noticeable drop in trading volumes. While it is common for volumes to weaken during holidays, it is encouraging that prices have not dropped at the same pace as previous weeks. What is the current state of cryptocurrency?
Current Bitcoin Situation
With nearly two weeks until the U.S. presidential election, cryptocurrency enthusiasts are excited. Although early reports suggest that Kamala Harris is leading the election, crypto prediction platforms indicate that Donald Trump has a significant advantage. The speculative cryptocurrency markets reveal their potential through comparisons of prediction rates with survey data.
While real-world data shows Harris in a leading position, there is potential for her to adopt a moderate approach toward cryptocurrencies. This implies that either candidate may not be detrimental to the crypto market.
If Trump wins, it could be very favorable for cryptocurrencies, while Harris’s victory may not have a severely negative impact. Therefore, we will continue to observe how events influencing the election may affect prices. Bitcoin remains above $68,000 due to the positive outlook of both potential outcomes.
Altcoin Commentary
The past week has been dynamic for most cryptocurrencies. Dogecoin 
$0.177297 (DOGE) has returned to $0.14 after a considerable time. ApeCoin has emerged as one of the standout altcoins of the week, experiencing a nearly 70% increase and surpassing $1.20. Other altcoins like ENA, MEW, and WLD have also seen double-digit gains.
However, trading volumes have declined by 40%, dropping to $41.6 billion in total market capitalization, which now stands at $2.34 trillion. Altcoins such as TAO, POPCAT, and SEI have faced losses ranging from 11% to 17% after substantial gains in the previous week.
In the coming days, if Bitcoin’s price tests its all-time high again, we could witness double-digit movements in many altcoins. The strong performance of assets like SHIB and DOGE in the current market could signify a potential long-term recovery.
