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Analysis: Uncertainty over Trump-Harris debate weighs on stocks and cryptocurrencies
Analysts at QCP Capital believe the uncertainty surrounding Tuesday night's debate between Donald Trump and Kamala Harris is weighing on the US stock market and, in turn, the cryptocurrency market. "Macroeconomic uncertainty is currently dominating the cryptocurrency market, with a 30-day correlation to the MSCI World Equity Index reaching 0.6, close to a two-year high," the analysts noted. The QCP Capital unit reported buoyant activity in the derivatives market, with investors expecting a tradi...
2024-09-11 03:23:01
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