U.S. ELECTION MAY SPARK CRYPTO MARKET VOLATILITY: FALCONX
As the U.S. election draws near, David Lawant, head of research at FalconX, cautioned that a close result could lead to “unexpected volatility” in crypto markets.
Lawant noted that if the results are “too close to call,” it could prolong market uncertainty.
Bitcoin has remained within a trading range since April, and the election could serve as a catalyst for movement, especially with recent enthusiasm for spot Bitcoin ETFs.
Additionally, Solana could outperform due to its strong narrative, though Ether appears “notably absent” from many investor discussions.
Lawant indicated that, no matter the election outcome, crypto traders are likely looking forward to a clearer market direction, with options traders eyeing Bitcoin to hit all-time highs post-election.
