QCP Capital In its latest analysis, stocks, bonds and crypto para He reported that market concerns in the units increased.
As the US Elections Approach, Tension Is Rising in the Markets, Fluctuation is Expected in Bitcoin
Market observers say former President Donald Trump’s leadership in the prediction markets has affected trading strategies, with long positions on expectations of rising dollar, crypto and Treasury yields gaining traction ahead of the election.
However, a win by Vice President Kamala Harris could reverse these trends, causing overnight volatility in markets.
The crypto options market predicts Bitcoin will experience price volatility of up to 3.5% on election night, but investors may be underestimating the post-election risk.
The fact that volatility premiums on contracts expiring after November 8 remain low indicates that many people expect a quick solution in the race.
Bitcoin is seen as part of the “Trump trade” given the former president’s pro-crypto stance. On Monday, while polls showed Harris with a slight lead, Bitcoin spot prices fell and spot ETFs saw significant outflows.
Reminiscent of 2016, when Trump’s unexpected win initially caused US futures to fall before recovering, QCP expects heavy Bitcoin trading as the results come in.
QCP noted that in 2020, trading volumes reached a six-month high after it took four days for Joe Biden to be officially declared the winner.
As the voting results emerge, Bitcoin prices are expected to experience significant fluctuations, indicating a period of volatile trading.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/abd-secimleri-oncesi-piyasalarda-tansiyon-yukseliyor-analistler-bitcoinde-dalgalanma-bekliyor/
