The
fourth
quarter
remains
a
few
weeks
off,
and
between
now
and
then,
said
Cipolaro,
bitcoin
bulls
might
only
be
able
to
look
to
factors
outside
of
crypto
for
positive
catalysts.
Among
them
would
be
macro
news
like
employment,
inflation
and
Federal
Reserve
policies.
There’s
also
the
November
presidential
election,
and
while
candidate
Donald
Trump
has
made
very
friendly
overtures
to
crypto,
far
less
is
known
about
Kamala
Harris’
position.
“We
won’t
guess
as
to
which
candidate
might
win
the
election,
but
November
might
be
a
pivotal
moment
for
the
industry,”
concluded
Cipolaro.
“Until
that
time,
however,
bitcoin
might
be
at
the
whims
of
the
broader
market
backdrop.”