Analysis: Trump-Harris debate uncertainty weighs on stocks and cryptocurrencies

QCP Capital analysts believe that the uncertainty surrounding the debate between Donald Trump and Kamala Harris on Tuesday night is affecting the US stock market and, in turn, the cryptocurrency market. The analysts pointed out: "Macro-economic uncertainty is currently dominating the cryptocurrency market, with a 30-day correlation with the MSCI Global Stock Index reaching 0.6, the highest level in nearly two years."

A QCP Capital departmental report stated that activity in the derivatives market is active, and investors expect volatility to increase before and after tonight's Trump-Harris debate at 9 pm Eastern Time. The analyst added: "We see a lot of buying, with 400 Bitcoin options contracts expiring on September 11th, with a strike price of $57,500."