The crypto market is experiencing heightened volatility due to various microeconomic developments. This week, several key events are anticipated to shape market sentiment and potentially cause fluctuations in crypto prices.

Ethereum's (ETH) price is nearing a potential correction bottom as network growth hits a four-month peak. The altcoin has been experiencing bearish sentiment over the past five months, with low accumulation rates from institutional investors. However, recent data indicates that Ethereum may be reaching a crucial support level, which could lead to a major bull rally in the near term.

Bitcoin dominance has slipped to 53%, hinting at a potential rise in altcoins' presence. The Relative Strength Index (RSI) for Bitcoin reached a similar level as in 2023, which historically indicated a market bottom. Despite this, the current price of Bitcoin is below its possible market bottom according to the Pi Cycle Top indicator. However, recent data shows that Bitcoin has successfully tested its support at $54k and the Chaikin Money Flow (CMF) suggests a potential recovery journey for BTC.

Tether has made a significant investment in agriculture by investing $100 million in Adecoagro, a major player in Latin America's agricultural sector. This move marks a shift for Tether, which has primarily focused on emerging technologies like artificial intelligence and Bitcoin mining. The acquisition grants Tether an 8.9% stake in Adecoagro, making it one of the company's largest shareholders.

Quant's price is poised for a rally as on-chain data and price action show a bullish outlook. The token recently broke out of a falling wedge pattern, indicating a potential rally ahead. Increasing open interest in Quant futures and a negative spike in exchange flow balance indicate new buying and increased investor confidence. Additionally, rising daily active addresses and decreasing supply on exchanges further support the bullish trend.

GRVT, a hybrid crypto exchange, has secured a significant contractual volume commitment of $3.3 billion monthly trading volume from 16 market makers ahead of its mainnet launch in the fourth quarter of 2024. This achievement is attributed to GRVT's hybrid technological stack, which combines the efficiency of traditional finance with secure blockchain settlement and aims to provide a user experience similar to Web2.

Binance has expanded its presence in Indonesia after its subsidiary, Tokocrypto, secured a Physical Crypto Asset Trader license from the country's commodity regulator, Bappebti. This development marks an important milestone for Binance as it continues to strengthen its foothold in the region.

Bernstein analysts predict that Bitcoin could reach $80-90k if Trump wins the U.S. presidential election or fall to $30-40k if Harris wins. This prediction is based on the candidates' differing stances on cryptocurrency, with Trump being vocal about making the U.S.