LMAX Digital volumes got off to a healthy start this week. Total notional volume for Monday came in at $400 million, 17% above 30-day average volume.

Bitcoin volume printed $240 million on Monday, 36% above 30-day average volume. Ether volume came in at $101 million, 18% below 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $9,393 and average position size for ether at $4,942.

Market volatility is finally showing signs of turning back up after trending lower since March. We’re looking at average daily ranges in bitcoin and ether of $2,498 and $149 respectively.

There has been no denying the correlation between odds for a Trump presidency and this latest rally in crypto assets.

In recent months, we have seen the Trump campaign emerge as a strong supporter of the crypto space, fully encouraging and embracing innovation in the asset class within the United States.

The weekend assassination attempt has bumped up the odds of Donald Trump winning the election, which has further encouraged crypto assets.

We’ve also seen other headlines around all of this that have been supportive of crypto assets. On Monday, it was announced that pro crypto Ohio Senator JD Vance had been selected as Donald Trump’s VP pick.

Of course, the fact that the market is expecting the ETH ETFs to go live at any moment, is yet another positive headline that has been helping to infuse a fresh dose of investor appetite.

Technically speaking, as per our chart insight in today’s report, the recent recovery in the price of bitcoin suggests we could be seeing the formation of the next major higher low ahead of a push to fresh record highs.

It is however worth noting some mild selling pressure on Tuesday, with many attributing this flow to the news around Mt. Gox shifting $2.7 billion in bitcoin funds from cold storage in preparation for distribution to creditors.