The outcome of the U.S. elections may or may not have a material impact on financial market dynamics, including crypto.
Data for traditional financial markets does not show a clear correlation between a Republican or a Democrat presidency and market performance.
Regulation issues, particularly regarding the SEC's stance on crypto, may be more influential for the crypto market than the presidential election.
While Trump has been perceived as more crypto-friendly, the long-term positive catalyst for crypto will likely be the beginning of the rate-cut cycle in major economies.