Bitcoin Traders Brace for Volatile Price Swings Ahead of U.S. Election

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Bitcoin Traders Brace for Volatile Price Swings Ahead of U.S.Election As the U.S.presidential election approaches, Bitcoin traders are preparing for heightened volatility in the cryptocurrency market.

A recent report from Derive.xyz, as cited by Bloomberg, reveals that Bitcoin options for October are evenly split between bearish and bullish positions.

Neutral Scenario: A closely contested election with mixed policy outcomes could result in a period of consolidation, with Bitcoin fluctuating within a narrower range as the market digests the implications of the results.

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Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Brace Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 11:16:19 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 927 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23393906

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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