Zach Pandl, head of research at Grayscale, expects the cryptocurrency industry to continue expanding regardless of the outcome of the U.S. midterm elections. His arguments include the bipartisan adoption of digital assets, growing demand for alternative stores of value as the national debt rises, and the fact that 80% to 85% of global crypto activity occurs outside the United States. Global market capitalization stood at $2.71 trillion, while Bitcoin’s market dominance reached 60.30%. However, the Crypto Fear & Greed Index fell to 30, and Bitcoin had declined 4.2% month to date as of October 25, compared with its historical average October return of 18.1%.
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