Economist and macroeconomic trader Alex Krüger expressed caution over the sudden market optimism, dubbed “Uptober”, highlighting the looming uncertainty of the US election year and its potential impact on market volatility.
What happened: Krüger highlighted the unexpected optimism following the last FOMC meeting, but emphasized that it was two weeks ago and the situation has evolved since then.
| Cryptocurrency | Price | 7 day earnings +/- |
| Bitcoin (CRYPT: BTC) | $61,085 | -3.9% |
| Ethereum (CRYPTO: ETH) | $2,452 | -6.5% |
| Solana (CRYPT: SOL) | $145.98 | -2.9% |
| Dogecoin (CRYPT: DOGE) | $0.1063 | -2.7% |
| Shiba Inu (CRYPT: SHIB) | $0.00001662 | +10.4% |
Despite the ongoing conflicts in the Middle East, Krüger noted that the greatest uncertainty lies in the upcoming US elections. He said: “Who wins…?
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