QCP Capital: Headlines related to the U.S. election will continue to exacerbate volatility in the crypto market

ChainCatcher news, QCP Capital stated that the U.S. election continues to drive volatility in risk assets, with Trump's assassination incident being at the forefront. A significant development last night was Biden's withdrawal from the race and his support for Kamala Harris. This led to erratic movements in cryptocurrency, with Bitcoin plummeting over 1000 points last night, but rebounding to 68000 dollars today. Election-related headlines will continue to exacerbate market volatility, especially in the cryptocurrency market, while the highly anticipated Trump will attend the Nashville Bitcoin Conference this weekend. Due to these uncertainties, the options market has seen increased volatility. In the past 24 hours, the prices of out-of-the-money options have surged, indicating that the market expects even more intense fluctuations. As the situation of the U.S. election becomes clearer and the likelihood of a second rate cut before the end of the year increases, we remain optimistic about trading strategies that can yield greater returns during market upswings.