An analyst warns that “volatility” could emerge if the US election results are close, but traders will be relieved once it’s over, giving the market “firmer ground.”
While many crypto traders are trying to speculate the market’s direction based on the outcome of the upcoming United States election, one analyst warns that a close showdown between the presidential candidates could also trigger some unexpected volatility.
“Additional volatility, however, could emerge if results are too close to call and it takes too much time to reach an outcome,” FalconX head of research David Lawant opined in a Nov. 1 market report.
Lawant noted that after the crypto market has been “directionless” since April, traders will be relieved once the US election is over, as it will clear the way for the markets.
