10x Weekly Crypto Kickoff: Will Oil Prices Determine the Midterm Elections?
2026-09-28 09:35:28
CoinMeta data: According to 10x Research, crude oil has risen 37% since July, from $68.5 per barrel to $94. During this period, the Democratic Party's chances of victory in both the Senate and House increased from 42% to 61%. Brent crude oil rebounded to $97 on July 24, the US-Iran tanker attack occurred on September 5, and US gasoline prices reached $4.47 per gallon on September 22. Could energy become a deciding factor in the mid-term elections of 2026? The S&P 500 index has been consolidating over the past four months, with oil prices rising from $68 to $94, and the Democratic Party's chances of victory in November have increased to 61%. Nevertheless, cryptocurrency trading volume is on the rise. Since September FOMC, there has been a net inflow of $3 billion, and options traders are building large bullish positions for expiration on October 30. The presidential cycle suggests that a turning point may occur in about two weeks. This article will highlight important levels, the positioning of smart money, and why higher mortgage loan rates could be beneficial for cryptocurrencies.
Source:X
This content is for market information only and does not constitute investment advice.
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