Cryptocurrencies

Bitcoin Traders Brace for Fierce Price Swings as Clock Ticks to US Vote

Gauge of expected Bitcoin volatility hits a three-month high
Bitcoin Trump trade cooled amid a tight US election contest

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By Suvashree Ghosh and Sidhartha Shukla

November 4, 2024 at 7:53 AM UTC

Updated on

November 4, 2024 at 2:36 PM UTC

This article is for subscribers only.

Bitcoin speculators are bracing for potentially pronounced market volatility in the aftermath of Election Day in the US on Tuesday.

A 30-day gauge of implied swings in the largest digital asset has hit the highest level since a global market rout roiled investors in August. The index, compiled by CF Benchmarks Ltd., is derived from CME Group Bitcoin options pricing.