QCP Capital: News of the U.S. presidential election will continue to drive market volatility

According to BlockBeats news, on July 22, QCP Capital posted on its official channel that the U.S. presidential election continues to drive volatility in risk assets. A major development is that Biden has dropped out of the US presidential race and endorsed Kamala Harris. This has led to wild swings in the cryptocurrency market.

Election news will continue to drive market volatility, especially for the cryptocurrency market, with all eyes on Trump’s upcoming speech at the Bitcoin Conference in Nashville this weekend.

Due to these uncertainties, volatility in the options market has surged. Prices for out-of-the-money options have risen significantly over the past 24 hours, signaling expectations for more extreme market moves.