Trump's speech on Friday may increase market volatility, and cryptocurrencies fall as investors turn to low-volatility assets
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Odaily reports that US President Donald Trump will give a speech later on Friday, and market volatility seems set to continue to intensify. Griffin Ardern, Head of Options Trading and Research at the crypto finance platform BloFin, said: "Domestic US policy is becoming unstable, and the White House appears to be willing to leverage this instability. Given the challenges investors face in obtaining accurate forward guidance, many are more inclined to hold low-volatility assets... Traders need to unwind positions to reduce exposure to specific assets, and then turn to other markets, which explains the decline in almost all asset classes, including cryptocurrencies." (Coindesk)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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