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Bitcoin Traders Brace For US Elections Fireworks
Bitcoin traders are bracing for fireworks this week as US voters prepare to take to the polls tomorrow. According to CF Benchmarks, 30-day implied volatility in BTC has hit its highest level since the global market crash in August. The options market is also pointing to expectations of an 8% move tomorrow in either direction, compared with just 2% on a typical day. Bitcoin has emerged as one of the leading ‘Trump trade’ assets over recent months given Trump’s commitment to embracing the crypto sector. The former president has promised to unwind the regulatory crackdown launched by Biden with crypto traders ... (full story)
