According to analysts at Crypto Insights, 55% of fund managers currently holding digital assets share the positive sentiment. Interestingly, the optimism in the crypto market is unaffected by the upcoming US presidential election and crypto bulls are ready for any outcome. Meanwhile, the remaining 45% are closely monitoring the situation before revising their investment strategies.

Crypto Insights analysts say that the current level of confidence among fund managers is at its peak, being one of the highest this year, despite political risks and conflicting macroeconomic signals.

A turning point came with the US nonfarm payrolls as the employment data for September enabled changes in economic fundamentals and forecasts for crypto assets. Now, the likelihood of a 25-basis-point rate cut by the Federal Reserve in November is estimated at 95%. Previously, this probability was much lower. Experts say that the US labor market data proves the resilience of the domestic economy. In this context, analysts suppose that high-risk assets, including cryptocurrencies, are likely to appreciate in the medium term.

In the meantime, Bitcoin remains above the support level near $60,000. Crypto Insights analysts forecast that technically, the flagship cryptocurrency could resume its growth. Earlier, crypto analysts from the largest US bank, JPMorgan, predicted growing demand for the first cryptocurrency.