Despite the anticipation surrounding the U.S. election and its potential impact on the crypto markets, not everyone is convinced of its significance. Quinn Thompson, founder of crypto hedge fund Lekker Capital, believes that the election is just one of many factors influencing current trading conditions.
According to Thompson, traders are also closely monitoring tech earnings, ongoing tensions between Iran and Israel, and a notable increase in U.K. gilt yields following the recent government budget announcement. These additional factors are contributing to the overall market sentiment and influencing trading decisions.
While the U.S. election is undoubtedly a major event that could have repercussions for the crypto markets, it is important to consider the broader economic and geopolitical landscape when analyzing market trends. By taking a comprehensive approach to market analysis, traders can make more informed decisions and navigate the complexities of the global financial landscape.
