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QCP Capital analysts believe that the uncertainty surrounding the debate between Donald Trump and Kamala Harris on Tuesday night is affecting the US stock market, which in turn is impacting the cryptocurrency market. Analysts point out that "macroeconomic uncertainty currently dominates the cryptocurrency market, with a 30 day correlation of 0.6 with the MSCI Global Equity Index, close to the highest level in two years." QCP Capital reports that the derivatives market is active, and investors expect volatility to intensify before and after tonight's Trump Harris debate starting at 9pm Eastern Time. The analyst added, 'We have seen a large influx of buying orders, with 400 Bitcoin option contracts expiring on September 11th at an exercise price of $57500.'. @drugpilotki
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