Bernstein Research's recent report reveals potential ties between the cryptocurrency market and the US presidential election. Analysis suggests that if incumbent President Donald Trump wins the upcoming election, this could trigger a bottoming out of Bitcoin prices, potentially leading to positive impacts on major cryptocurrency price movements. The report notes that the current volatility in the crypto market is closely linked to the uncertainty brought by US elections. Once Trump is seen as a potential re-election candidate, the market may start viewing this political scenario as a potential boon for crypto policies, causing Bitcoin prices to bottom out and rebound. It's important to note that this prediction was made against a backdrop of the crypto market's ongoing range-bound movement, reflecting the market's sensitivity to the election outcome.