Hecht Says Market Volatility May Stay Elevated Beyond U.S. Midterms

Analyst Andrew Hecht said on Nov. 3 that market volatility across asset classes, including cryptocurrencies, may remain elevated for weeks or months regardless of the U.S. midterm outcome, extending his view beyond uncertainty over the vote. In July, Hecht linked possible increases in volatility across markets, including crypto, to uncertainty about the election result. His Nov. 3 forecast described elevated volatility as possible regardless of that outcome. An Oct. 26 Bitcoin options snapshot showed annualized implied volatility of 37.8% for the seven-to-14-day window, 35% for 14-to-30 days and 37.7% for 30-to-60 days. The observation was made at 5 a.m. ET.

Source: TokenPost