QCP noted that the second failed assassination attempt against Trump coupled with the liquidation of $70 million in long positions led to a decline in the crypto market, Wu reported.
Unlike the rally that followed a similar event in July this year, there is a lot of uncertainty this week could hold, especially with the Token2049 event and the FOMC meeting coming up.
Market expectations for a 50 basis point rate cut rose to 59%, triggering increased volatility, with BTC and ETH's implied volatility rising by 8% and 20%, respectively, on Friday.