With the upcoming U.S. presidential election approaching, crypto traders are closely watching the market for signs of movement. However, if the election results are close and delayed, the uncertainty could create sudden swings in the crypto market, according to David Lawant, head of research at FalconX.
Possible Volatility with a Close Election
Lawant cautioned in a recent report that a tight or undecided election could create additional market volatility. “If the results are too close to call and take extra time to finalize, we might see more fluctuations in the crypto space,” he noted.
Market Participants Eager to Move Past Uncertainty
Lawant explained that crypto markets have remained mostly stagnant since April, with traders hoping the end of election uncertainty will bring clearer direction. He highlighted that Bitcoin, for instance, has traded in a relatively narrow range from $54,000 to $73,000 since the spring, with market participants eager for firmer ground.
Though some investors expect positive outcomes regardless of the winning candidate, Lawant pointed out that a win by Donald Trump could have a stronger impact due to his past support for pro-industry policies.
Bitcoin and Solana in the Spotlight
Lawant shared that, alongside Bitcoin, Solana has been a popular choice among investors. Bitcoin could see gains from potential exchange-traded fund (ETF) flows, while Solana’s strong narrative has positioned it as a potential standout. Meanwhile, Ethereum has been “noticeably less discussed” in recent market conversations.
Summary Review: Crypto markets may experience volatility if the U.S. presidential election is too close to call, though traders are eager to move past election uncertainty. Analysts suggest Bitcoin and Solana could be top performers post–election, with a Trump win seen as potentially boosting the market.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
