Trump's speech on Friday may exacerbate market volatility, causing investors to turn to low-volatility assets and leading to a decline in cryptocurrency
U.S. President Donald Trump will deliver a speech later on Friday, and market volatility seems set to intensify. Griffin Ardern, Director of Options Trading and Research at the crypto financial platform BloFin, said: "U.S. domestic policy is becoming unstable, and the White House seems happy to exploit this instability... Given the challenges investors face in obtaining accurate forward-looking guidance, many people prefer to hold low-volatility assets... Traders need to liquidate positions to reduce exposure to specific assets before moving on to other markets; this explains the decline in almost all asset classes including cryptocurrencies."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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