BTC approaches an all-time high amid election week anticipation, while ETH remains subdued, failing to break $2.7k levels.
BTC futures and options open interest surged, with implied volatility indicating a significant risk premium ahead of the U.S. elections.
Recent market updates from QCP Capital expose interesting swings and reactions linked to the U.S. economy and approaching election week. With a 2.7% year-over-year increase instead of the expected 2.6%, Thursday’s Core Personal Consumption Expenditures (PCE) data exceeded expectations.
Friday, however, presented a different surprise with Non-Farm Payrolls (NFP) statistics showing just 12,000 instead of the projected 110,000, much below forecast. As market players reviewed their positions, this mixed economic picture caused the U.S. Dollar Index (DXY) to recover and reach the 104 level.
Market Reactions Highlight Cautious Sentiment Ahead of Election Week 
U.S. unemployment was constant at 4.1%, a fact that highlights ongoing lab

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