Deribit's bitcoin implied volatility index surged to 63.24%, its highest since July, indicating heightened expectations for price swings amid U.S. election uncertainty.
BTC's seven-day implied volatility jumped to 74.4%, significantly outpacing historical volatility, suggesting traders are bracing for potential election-related turbulence.
The probability of Donald Trump winning Pennsylvania dropped to 53%, signaling increased uncertainty that may have influenced bitcoin's volatility and market dynamics.
Polling indicates a tight race between Trump and Harris, adding to the market's anxiety, as evidenced by fluctuating bitcoin prices amid election predictions.
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