Analysts say expect volatile price swings ahead of the U.S. election as Kamala Harris' election odds improve.

This is CoinDest Daily. I'm your host Christine Lee.

Cryptot traders awaiting a surge in Bitcoin price volatility may soon have it their way, as derivatives experts suggest the impending

U.S. presidential election could trigger price swings matching the dramatic movements of

early August. Amber Data derivatives director Greg Magadini forecasting to CoinDesk a $6,000 to $8,000

BTC price swing as a result of the post-election price reaction.

The projection is based on the annualized forward volatility derived from the November 6th

options trading on Deribit, which suggests a price fluctuation of $4,000 in either direction.

Bitcoin trading above $68,000 during the U.S. morning Monday after falling

about 6% from near record high levels touched last week. The broader crypto market is steady,

up about 1% on the day, according to the coin S20. Perceived winning odds of Democrat Kamala

Harris continued to rise on betting platform

polymarket, with users buying and selling hundreds of thousands of favorite shares in a bump

for market activity. Shares of Harris winning the election surging to about 42 cents ahead of

Tuesday's vote, up from 33 cents on October 30th, Republican Donald Trump's shares fell dropping from

66 cents to 59 cents. Meanwhile, polling aggregator real clear polling gives Trump a microscopic edge

at 48.5%. The increase in Harris's odds might be due to traders hedging their bets, according to a

coin-esque analysis, with a study of trades above $10,000 suggesting both large bets on Harris

and strategic trading to protect against a Trump loss. Singapore's central bank saying it will

introduce new measures to advance tokenization and financial services.

The Monetary Authority of Singapore aims to form commercial networks to deepen liquidity of tokenized assets,

developing an ecosystem of market infrastructures, foster industry frameworks for tokenized asset implementation,

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