On July 22nd, QCP Capital, a Singapore-based crypto investment institution, issued a document saying that the US election continued to drive the volatility of risk assets, with Trump's assassination bearing the brunt. The major development last night was that Biden withdrew from the race and supported Kamala Harris. This caused volatility in cryptocurrencies. Bitcoin plunged by more than 1,000 points last night, but today it rebounded to $68,000.
Election-related headlines will continue to fuel volatility, particularly in the cryptocurrency market, with the much-anticipated appearance of Mr. Trump at the Bitcoin Conference in Nashville this weekend. Due to these uncertainties, volatility in the options market has increased. Over the past 24 hours, the price of out-of-the-money options has risen sharply, indicating that the market is expecting more volatility. As the US election situation becomes clearer and the possibility of a second interest rate cut before the end of the year increases, we continue to be bullish on trading strategies that can generate greater returns when the market is rising.
QCP Capital: US election-related headlines will continue to fuel crypto market volatility
2024-07-22 10:36:38
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