Traders Expect Higher Volatility for Ethereum Than Bitcoin Ahead of U.S. Election

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Traders Expect Higher Volatility for Ethereum Than Bitcoin Ahead of U.S.Election As the U.S.presidential election approaches, traders are bracing for heightened volatility in the Ethereum (ETH) market, with predictions of significant price swings between October 25 and November 8, 2024, according to a report by Cointelegraph.

This scenario could lead to a significant rally for Ethereum, as traders and investors would view such developments as a positive indicator for the long-term growth of DeFi and the broader crypto ecosystem.

If new regulations are introduced targeting DeFi, Ethereum, as the primary platform for these services, could experience sharp price movements as investors react to potential restrictions.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Traders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 13:51:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 845 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22864408

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Headquarters: India

News Last Updated: 8 hours ago

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