Market Dynamics Ahead of Elections

In the lead-up to the elections, market sentiment appears to be surprisingly resilient, with both Bitcoin and the stock market nearing all-time highs. Despite common caution surrounding political uncertainty, earnings reports suggest that many companies are performing well; for instance, Netflix and TSM experienced notable jumps following positive earnings announcements. However, there's a cautious undertone regarding potential volatility in both the crypto and stock markets depending on the election outcome, particularly if a surprising result emerges. The betting markets currently suggest a favorable sentiment towards a Trump victory, which could trigger significant reactions in cryptocurrency values if that expectation is not met.