Crypto Market Volatility Alert: Election Day and FED Announcement

Crypto market is really volatile these days because of several events which will occur in the coming days.

We have some great events starting from tomorrow and will continue till Friday.

The coming Election Day which will be held tomorrow in the United States and the FED announcement will bring a great volatility in the market.

During these times when market is highly volatile, I recommend investors or traders who are new and who wants to invest to stay away from the market.

But for those who are already invested, they have no any choice but to hold.

I don't recommend any of the investor to enter the market in this scenario and don't be lusty in order to book some profits because this kind of market will always trap and will exit you in losses.

As we all know that tomorrow will be the election day in the United States between the two strong candidates, Donald Trump and Kamala Harris.

Thus the selection from these two winners will surely put a huge impact on the financial market.

This impact not will be only in crypto but will impact all financial markets over the world.

As we all know that Donald Trump is in favor of Bitcoin. He is more friendly with the cryptocurrency.

That is why the winning for Donald Trump will surely bring a positive impact in the market and the prices will go upside.

Similarly, if Donald Trump loses and Kamala Harris wins this election, this will not be so good impact for the market.

Thus Kamala Harris, after winning the election, will surely raise voice against crypto market against some of the rules and regulations of this.

That is why after that is why the market will surely go down and will test the level of 60,000 after the winning of Kamala Harris.

But what about the war in the eyes of these two candidates, the ongoing war in the Middle East?

Donald Trump is more aggressive with the war against Iran and Palestine.

He always pushes the Israel to directly attack the Iran and the nuclear sites, which means that Donald Trump is more in favor of war against Iran, which is not a good news for the whole world and for the financial markets.

Anyway, let's see what will happen tomorrow.

Another event that will be on Thursday and that is the FED interest announcement.

There's more chance that the rate will cut to 50 points and this time again this will be a positive news for the market.

In case of Donald Trump winning the election, there will be a huge bull momentum in the market which we will see.

What do you people think about the coming election? What candidate you support or Which one is more favorable for the crypto market? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

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