According to ChainCatcher, FalconX research director David Lawant pointed out in a market report that if the suspense of the U.S. election is too great, the volatility of the cryptocurrency market will also rise accordingly.
Lawan pointed out that the cryptocurrency market has been 'directionless' since April, and once the U.S. election is over, traders will breathe a sigh of relief as it will clear the way for the market.
Lawan emphasized that regardless of which party wins the U.S. election on November 5, investors are hoping for a 'positive outcome'.