With the US elections approaching, many crypto traders are trying to predict the direction of the market, with one analyst warning that the close fight between the presidential candidates could lead to unexpected swings.

FalconX research head David Lawant said that if the results are too close and it takes a long time to reach a conclusion, additional swings could occur. He said that the crypto market has been "directionless" since April and that traders will be relieved after the election.

Stating that Bitcoin and Solana are prominent, Lawant said that BTC can benefit from ETF flows and that SOL is a possible target for profit diversification with its strong narrative.

How do you think the US elections will affect the crypto market? We are waiting for your comments.