At this moment, the market seems to be focusing all its attention on the U.S. presidential election, especially as people hope that Trump can be elected president and become the savior of the crypto market. In fact, Trump's election prospects seem a bit unfavorable at the moment, and Harris has a chance of turning the tide. However, people are overlooking the question of whether the Federal Reserve will cut interest rates in November, which actually presents significant uncertainties for the crypto market. The 'New Federal Reserve News Agency' has made a significant announcement: the Federal Reserve is expected to lower interest rates by 25 basis points this week, undoubtedly becoming the focal point of the market as the Fed's meeting approaches.
This week is the U.S. election week, and there is a lot of uncertainty surrounding the U.S. election. Over the past month, Trump's voice has been very high, but during the election process, Harris's chances of winning are gradually increasing. The U.S. election has a significant impact on the entire market, and there is a policy meeting on Friday, where the market generally expects a 25 basis point rate cut. Currently, the cryptocurrency market is mainly in a wait-and-see mode to avoid risks. The implied volatility (IV) of options at the money has risen to 80% this week, and the IV of options this month is significantly higher than that of long-term options. There may be significant market movements in the coming days.
