QCP Capital: US election-related headlines will continue to increase crypto market volatility

Odaily Odaily News QCP Capital published an article saying that the US election continues to drive volatility in risky assets, with Trump's assassination being the first to bear the brunt. The major development last night was that Biden withdrew from the campaign and supported Kamala Harris. This has led to volatility in cryptocurrencies. Bitcoin plunged more than 1,000 points last night, but rebounded to $68,000 today. Election-related headlines will continue to increase market volatility, especially in the cryptocurrency market, and Trump will attend the Nashville Bitcoin Conference this weekend. Due to these uncertainties, the options market has become more volatile. The price of out-of-the-money options has risen sharply in the past 24 hours, indicating that the market expects more severe market volatility. As the situation of the US election becomes clearer and the possibility of a second rate cut before the end of the year increases, we continue to favor trading strategies that can bring greater returns when the market rises.