Bitcoin volatility expected to increase post-election

Bitcoin Volatility to Rise after Election

While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week.

Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%.

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In the news

John McAfee pumps crypto from prison; denies charges

Former U.S. presidential candidate and antivirus software tycoon John McAfee is still in Spanish prison awaiting his extradition trial, where he denies lying on his tax returns.

Although charged by the SEC for pumping tokens, McAfee continues to pump his Ghost cryptocurrency, confirming from prison that Ghost is the only crypto project he is involved with at present.

America’s second stimulus check: Americans still waiting for relief package

Americans have been waiting for the second round of $1,200 stimulus checks after the first round was approved as part of the CARES Act.

Many suffer without knowing when they can expect the next stimulus checks, while current President Donald Trump promises “We will have a tremendous stimulus package immediately after the election.”

Bitcoin hodler Cynthia Lummis elected to U.S. Senate

The soon to be first woman to represent Wyoming in the U.S. Senate, bought bitcoin in 2013 because she "believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system."

Lummis revealed during the Wyoming Blockchain Stampede that she was struck by Bitcoin’s decentralized public ledger and fixed supply .

US Feds seize over $1 Billion from wallet linked to Silk Road

The U.S. government has filed a lawsuit seeking the forfeiture of bitcoin currently worth over $1 billion that it seized on Tuesday from an "Individual X", according to the court document.

The Department of Justice said on Thursday that the bitcoin seizure from the IHQ3 address is the largest the U.S. has ever made.