The crypto market is poised to witness volatile trading this week with all eyes shifting to the US election. Many anticipate a potential market crash on the election date with a swift rebound ahead.
The crypto market entered a crucial week with eyes on crucial scheduled events like the US Presidential election 2024 and the FOMC interest rate cut decision. Notably, the market participants are bracing for highly volatile trading this week, with experts supporting the anticipation with historical trends. However, with soaring expectations of volatile trading, some also grew concerned over a potential market crash on the day of the election. Read this long article.

Will the Crypto Market Crash On US Election Day?
According to a recent report by The Kobeissi Letter on the X platform, the financial market is poised to witness highly volatile trading, irrespective of who wins the US election. Having said that, the crypto market investors are also appearing to stay on the sideline, seeking more clarity on the future of the market.

Notably, crypto has been one of the major issues on the US Presidential Election 2024 this year. Donald Trump has actively backed Bitcoin and the crypto market ahead of the election, with Kamala Harris also showcasing a strong interest in the technology sector.

Besides, Bitcoin and other top altcoins also showcase a positive performance after the US presidential election. Considering that, the market anticipates a similar picture this year, with Bitcoin potentially hitting a new ATH after the election.

US Election & Its Impact On The Crypto Market
The US political landscape has recently been closely associated with the cryptocurrency industry. Donald Trump’s recent backing of Bitcoin, with a flurry of politicians revealing their interest in the digital assets space, is expected the industry to witness strong gains after the election.

Meanwhile, the US election would provide cues on the future crypto market regulations. The US SEC and CFTC have different approaches when it comes to regulating digital assets. Besides, the US SEC and its Chair Gary Gensler have faced heavy backlash from the crypto community, with many blaming the agency for their regulatory overreach.

Having said that, the investors are now eyeing towards the upcoming election. Notably, many anticipate a change in administration to foster innovation in the digital assets space. Simultaneously, the investors are also expecting a similar stance by the Democrats as well, if Kamala Harris secures a victory in the election.

Previously, former US President Donald Trump publicly announced that he would fire Gary Gensler on his first day at the White House. This has sparked significant optimism among crypto market investors, who deems Gensler as an anti-crypto regulator.

On the other hand, traders have also lauded Donald Trump’s pledge to make Bitcoin a strategic reserve for the US. This development, if it happens, could significantly push the BTC price higher in the coming days. Besides, his vocal support towards the digital assets sector and calling himself “Crypto President” has bolstered optimism among investors

How US Election Impact the Stock Market?
The Kobeissi Letter has recently shared an analysis of the election and historical stock market performance. Now, as the crypto market and stocks move in tandem lately, let’s take a look at the analysis and see how it could impact digital assets.

As the election approaches, analysts are scrutinizing the potential impact on the stock market and crypto performance. The Kobeissi Letter’s analysis reveals significant differences in stock market returns before and after Election Day, dating back to 1920.

Here are some of the important findings from the analysis:
Election Year Trends: 83% of election years saw positive returns leading up to Election Day, while only 67% had positive returns afterward.Stock Performance: Stocks perform 4.2% better on average in the six months preceding an election compared to non-election years, but 1.4% worse in the six months following.Economic Influence: The economy plays a crucial role in election outcomes, with only one instance of an incumbent party winning during a recession year since 1948.Market Volatility: Elevated volatility is expected regardless of the election outcome, with the VIX index up 65% year-to-date.
Historically, the S&P 500 has averaged an 11.3% return during election years since 1928, with 83% of years yielding positive performance. As the crypto market moves in tandem with stocks, investors are bracing for potential fluctuations. With gold prices surging and the VIX index elevated, traders are poised for a profitable ride amid the uncertainty.
Source: x formally twitter.
What’s Next For Bitcoin And Altcoins?
Bitcoin is poised for volatile trading ahead of the election and the top altcoins are also expected to follow suit. Currently, BTC price traded near the $69K mark, after touching a high of $73,577.21 in the last seven days.
A recent Matrixport report showed that as the US presidential election approaches, Bitcoin remains neutral. Its 21-day Relative Strength Index (RSI) dropped to 56%, below the overbought threshold of 70%. This suggests Bitcoin is neither oversold nor overbought, making it an attractive opportunity for selling volatility.

Historically, Bitcoin has followed the S&P 500’s performance after the US presidential elections, with significant gains in the year following the election. In 2012, 2016, and 2020, the S&P 500 saw notable growth, and Bitcoin followed suit.

Source: Matrixport x post.
A recent Matrixport report showed that as the US presidential election approaches, Bitcoin remains neutral. Its 21-day Relative Strength Index (RSI) dropped to 56%, below the overbought threshold of 70%. This suggests Bitcoin is neither oversold nor overbought, making it an attractive opportunity for selling volatility.

Historically, Bitcoin has followed the S&P 500’s performance after the US presidential elections, with significant gains in the year following the election. In 2012, 2016, and 2020, the S&P 500 saw notable growth, and Bitcoin followed suit.
While past trends don’t guarantee future results, they offer valuable insights. As the election unfolds, investors will be watching closely to see how Bitcoin performs. Besides, the crypto market also anticipates a similar performance for the top altcoins.

Notably, a recent Bitcoin price analysis hints that the crypto is poised to witness a strong rally, irrespective of who wins the election. Although the market will likely record volatile trading or even a crash on the Election date, it is expected to make a quick rebound in the coming days. On the other hand, the US FOMC is also likely to boost the market sentiment, with the latest economic data indicating a 25bps Fed rate cut this week.

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**The Worst Year in Cryptocurrency History: A Breakdown**

1. **Widespread Losses:**
- Most investors, including seasoned veterans, suffered losses in the first half of this year. It's been a frustrating bull market, with many unable to recover their investments.

2. **Misguided Consensus:**
- Traditionally, a significant bull market is expected around BTC's halving. However, BTC's major rise occurred last year, and altcoins followed suit. When everyone anticipated a market surge, it marked the end, leaving those who shifted to altcoins without further gains.

3. **Altcoin Upheaval:**
- Many altcoins are expected to plummet to zero. Unlike previous bull markets, today's investment logic and consensus have changed, excluding many altcoins. The rapid evolution is outpacing investors, leading to the demise of the 'Shanzhai' consensus.

4. **VC Consensus Collapse:**
- Trust in venture capitalists (VCs) has significantly diminished. People's faith in VCs' actions and predictions has waned.

5. **Increased Startup Challenges:**
- Project teams face mounting difficulties in understanding future trends, community needs, and market dynamics. Successful projects are becoming rarer, and retail investors' trust in project teams is declining.

6. **Fading Crypto Dividends:**
- The promise of quick wealth and freedom in the crypto space is diminishing. Impatience and unease are widespread, with many worrying about their future after this bull market.

7. **Evolving Ideologies:**
- This market cycle demands advanced understanding and a new perspective on the crypto space. Investors should avoid anxiety, discouragement, premature celebration, and overconfidence.

8. **Unpredictable Outcomes:**
- This cycle will challenge the long-term accumulations of many who have stayed in the game. Unexpected events are likely, testing the resilience of those who have enjoyed prolonged success.

Stay vigilant, informed, and resilient as we navigate this tumultuous period in crypto history. 🌐

#CryptoCrashAlert #marketanalysis. #InvestSmartly #CryptoResilience #StayInformed"

The cryptocurrency community is buzzing with rumors that Binance may delist Pepe Coin if it fails to meet certain performance targets.
While it's unclear whether these rumors are grounded in fact or mere speculation, they have certainly caused a stir among investors.According to these whispers, Binance's policy mandates the removal of coins that do not achieve specific benchmarks within a given timeframe.
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Binance has not made an official statement regarding Pepe Coin's status. Investors are advised to stay informed and monitor any updates from the exchange closely.As always, it's crucial to exercise caution and make informed decisions amidst market rumors and speculation.#pepe⚡ $PEPE #US_Job_Market_Slowdown #CryptoCrashAlert $BTC