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Investment specialist David Lawant recalled: since April, the first cryptocurrency has been trading in the range from $53,991 to $73,000. According to the analyst, after six months of lateral dynamics, market participants are looking forward to the end of the US election race.
Right now, traders are optimistic — regardless of who becomes the American president. The open interest (OI) in bitcoin contracts with a deadline at the end of November has concentrated at the level of $80,000, the investment analyst noted.
Cryptocurrency trading volumes, considered a reliable indicator, have increased over the past four months by 40% above the average. According to Davant, Solana (SOL) shows the most significant growth potential.
In the short term, sharp fluctuations in the value of bitcoin, SOL and other large crypto assets are possible if the results of the vote counts of American voters are delayed. However, by the end of November, the market will regain its position. 9 replies
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