Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»FOMC Storms, Crypto Markets Idle Calm Before Election Day
ALTCOIN NEWS

FOMC Storms, Crypto Markets Idle Calm Before Election Day

By Crypto FlexsNovember 4, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
FOMC Storms, Crypto Markets Idle Calm Before Election Day
Share
Facebook Twitter LinkedIn Pinterest Email
  • Cryptocurrency assets are trading unchanged.
  • Crypto traders appear to be erring on the side of caution ahead of a potentially market-impacting week.
  • Despite concerns about near-term volatility, many expect the long-term trajectory of the market to remain the same.

Over the past few months, the US presidential election has probably been the most discussed issue globally outside of the Israeli-Palestinian conflict, and for good reason. That’s because it’s expected to be one of the most divisive and consequential polls in the country.

Some leaders, especially in the cryptocurrency space, have tried to frame the election as a choice between continued innovation and a slow, painful death through regulation. With just hours left until Election Day, market tensions are palpable. The situation is made even worse by the expected November 2024 Federal Open Market Committee (FOMC) meeting.

Bitcoin, Ethereum, Solana Trade Flat

Crypto assets are trading flat ahead of the November 5 election and the FOMC meetings scheduled for November 6 and November 7.

At the time of this writing, Bitcoin (BTC), the largest cryptocurrency asset by market capitalization, is trading just below the $69,000 price range, representing a change of less than 1% over the past 24 hours. This muted price action stands in stark contrast to last week’s price rally that saw the asset surge to an all-time high near $74,000.

Likewise, fellow market leaders Ethereum (ETH) and Solana (SOL) are also flat with marginal gains of 0.62% and 0.03%, respectively, over the past 24 hours.

The muted price action suggests investors and traders are erring on the side of caution, anticipating increased market volatility in the fallout from this week’s events.

The market generally doesn’t phase me, but I won’t lie. I’m feeling a little nervous heading into this week!

It feels like a coin toss will decide the fate of the market over the next few months.

— Miles Deutscher (@milesdeutscher) November 4, 2024

Despite fears of near-term volatility and the noise and rhetoric surrounding the election, many expect the long-term trajectory of the market to remain the same, at least in the case of Bitcoin.

Burgers that amount to nothing in the long run?

Ahead of the election, several analysts emphasized that they still expect Bitcoin to continue its upward momentum and eventually lock in the $100,000 price range. One such analyst is Bitwise CIO Matt Hougan.

"I think the most important thing for Bitcoin is that the election happens. Regardless of a Trump win or a Harris win, the regulatory setting for bitcoin is improving, and I think that's what you're seeing reflected in the price,” Hougan told Yahoo Finance at the end of October 2024 as he expressed confidence that the asset's price was set to go beyond $100,000.

However, Hougan argued that the situation is more nuanced for altcoins, citing greater regulatory uncertainty.

“Those (altcoins) are more exposed to regulatory risks, so I would expect an altcoin rally, even more so than a Bitcoin rally in the event of a Trump win. But regardless, I think both are moving higher,” he asserted.

As of this writing, Polymarket odds give former President Donald Trump a 58.7% chance of winning the election, while Vice President Kamala Harris has a 41.3% chance. at the same time, CME FedWatch Tool It was predicted that there was a 99.8% probability that the Federal Reserve would decide to cut interest rates by 0.25% at the FOMC meeting.

On the flip side

  • Expected market volatility is expected to be short-term.
  • Bitcoin has historically experienced significant rallies following elections.

Why This Matters

Recent market price action highlights the consequential nature of the election and FOMC meeting for the cryptocurrency market.

To learn more about the cryptocurrency market, read:
Big losses in cryptocurrency markets: SOL and BNB sink quickly

See how futures market indicators can signal increasing optimism for Ethereum.
How the Ethereum Futures Market Signals Growing ETH Optimism

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

Strengthening action recognition models using synthetic data

December 3, 2024

Cosmos-based Canto blockchain reverses Polygon Layer-2 planning process and unveils new roadmap

March 17, 2024

SEC CRYPTO Stacking Guidance Victory on Industrial Regulations, approval of Staked ETF

May 31, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.