Bitcoin Volatility Expected to Rise After the US Presidential Election
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around $388 billion, which is a giant jump from where it was during the last U.S. election in 2016. For instance, during the 2016 presidential race, the price of bitcoin (BTC) was around $709. Since then the crypto-asset BTC has....
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The bitcoin options market looks to be predicting a pick up-in price volatility following the U.S. presidential election.
The markets should see a rise in volatility heading into these events, so you should focus on the FX, U.S. equity and fixed income markets in November. In early November 2016, the FOMC will be meeting and the U.S. weekly unemployment numbers are coming in just a few days before the U.S. Presidential election. The markets should see a rise in volatility heading into these events, so you should focus on the FX, U.S. equity and fixed income markets in November. Although the market is pricing in a 92.8% probability that Federal Open Market Committee (FOMC) voting members will leave rates....
More than 100 members of our community offered their U.S. Presidential Election hopes and predictions. How do they think Trump or Biden will affect Bitcoin? The post Bitcoiners Weigh In On The U.S. Presidential Election appeared first on Bitcoin Magazine.
The world is now just one day out from the 2020 U.S. Presidential Election, an event that will undoubtedly have far-reaching implications that impact Bitcoin, altcoins, and the traditional markets for potentially years to come. BTC has been showing immense signs of strength heading into the election, bucking a consolidation phase seen by the stock […]
Promoted: Though Bitcoin is apolitical, it's clear that the price of BTC will be affected by the recent U.S. Presidential Election. The post How Will The U.S. Presidential Election Affect The Bitcoin Price? appeared first on Bitcoin Magazine.