With the US election coming up this week and a risk-off sell beginning we have to consider the potential for momentum to continue until the day of the election as positions are adjusted and liquidity is taken out of markets.
It makes sense that books would be squared and positioned beforehand, also that liquidity could take 2-3 days to return to markets.
This could also mean 2-3 days of momentum after the election before markets stabilise.
In the potentially more likely scenario of a disputed result, markets could remain in a slump and trade lower for a longer time period in a deflationary risk-off trade until fiscal of monetary expenditure eventuates.
BTC has maintained its secular bull market and is sliding higher, looking like it has the potential for another leg higher.
Bitcoin last traded at $13,741
24 hr high: $ 13,907
24 hr low: $ 13,629
BTC USD Chart
Eth was the stronger asset in the last 24 hours although it is still lagging on a longer timeframe.
24 hr high: $ 398
24 hr low: $ 385
Ethereum USD Chart
Digital assets have had mixed results the last 24 hours. For an indication to performance and market sentiment we want to see what they do when bitcoin is bid again.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||6.84||1.82785||10,868,603.00||$377,923,886.00|
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