Standard Chartered analyst Geoff Kendrick predicted that bitcoin and digital assets will continue to rise following the Federal Reserve's recent rate cuts, driven more by favorable macroeconomic conditions than the US Presidential Election results. "For the first time since the FOMC meeting, digital assets have come out on top in terms of performance," Kendrick noted in an email on Thursday. "Although Polymarket today showed Kamala Harris at 52/47, that's still the case." He attributed the positive performance to macroeconomic drivers starting to overwhelm election-related uncertainty. Kendrick insists that the US Presidential Election has less impact on bitcoin prices than it used to. "While the US election is important, macro drivers are starting to take hold," he says, saying he is monitoring the difference between short- and long-term US Treasury yields as an indicator of market conditions in favour of digital assets. "I looked at the US 2s10s curve and the steeper US yield curve is positive for digital assets".