TechFlow news, on July 22, the latest report from QCP Capital indicated that the U.S. election continues to impact volatility in risk assets. Last night, Biden announced his withdrawal from the race and endorsement of Harris, triggering sharp fluctuations in cryptocurrencies. BTC一度 dropped over 1,000 points before rebounding today to $68,000.
Election-related news will continue driving market volatility, especially in cryptocurrencies. Markets are closely watching Trump's speech at this weekend's Bitcoin conference in Nashville. Option market volatility has surged due to uncertainty, with out-of-the-money options seeing significant price increases over the past 24 hours, indicating expectations of even more intense market swings.
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