An analyst warns that volatility could emerge if the US election results are close and takes too much time to reach an outcome, impacting the crypto market.
Market participants are eager to move past election uncertainty toward firmer ground after months of directionless trading. Whether Donald Trump or the opposing party wins, investors expect positive outcomes but anticipate the former leading to stronger gains due to pro-industry commitments.
Options traders bet on Bitcoin hitting all-time highs post-election, with Deribit data showing increased interest in call contracts around $80,000. Besides Bitcoin, Solana (SOL) emerges as a potential outperformer due to its strong narrative and profit diversification appeal.
Meanwhile, Ether (ETH) remains notably absent from most discussions, as analysts focus on potentials for Bitcoin and Solana in the post-election scenario.
