Viewpoint: Trump's speech on Friday may exacerbate market volatility, leading investors to turn to low-volatility assets and causing a decline in cryptocurrencies
ChainCatcher news, according to CoinDesk, U.S. President Donald Trump is set to deliver a speech later on Friday, and market volatility seems likely to continue to escalate.Griffin Ardern, Head of Options Trading and Research at the crypto finance platform BloFin, stated: "Domestic policy in the U.S. has become unstable, and the White House seems eager to leverage this instability. Given the challenges investors face in obtaining accurate forward guidance, many prefer to hold low-volatility assets... Traders need to liquidate positions to reduce exposure to specific assets before turning to other markets, which explains the decline across almost all asset classes, including cryptocurrencies."