CandleFocus

US Elections 2024: Brace for Impact

The outcome of the U.S. presidential election is expected to cause volatility in the cryptocurrency market, but the options market shows optimism regardless of who wins. The BTC Put/Call Skew indicates optimism across the curve, even for longer-dated options. Former President Trump, who initially expressed skepticism about crypto, has embraced it and gained support from the crypto community, while Vice President Harris has signaled a positive stance toward the technology. The crypto industry has spent a significant amount on donations for the election, indicating its growing influence. Both candidates are expected to address the demands for regulation in the industry, but it remains to be seen if they will follow through on their promises.

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