Broader
traditional
markets
are
having
a
tough
go
of
it
as
well
on
Thursday,
with
the
Nasdaq
off
2.4%
and
the
S&P
500
1.6%.
“Big
slip-ups
by
both
parties
over
the
past
few
days
(Puerto
Rico,
garbage)
have
reminded
people
that
the
election
is
too
close
to
call
and
may
be
event-dependent,”
said
Matt
Hougan,
CIO
at
Bitwise.
“This
has
re-introduced
uncertainty,”
Not
everyone
is
convinced,
however.
Quinn
Thompson,
founder
of
crypto
hedge
fund
Lekker
Capital,
told
CoinDesk
that
the
U.S.
election
is
only
one
facet
of
the
current
trading
environment.
Traders,
he
suggested,
have
also
been
looking
at
tech
earnings,
ongoing
tensions
between
Iran
and
Israel
and
a
sharp
rise
in
U.K.
gilt
yields
following
the
rollout
of
the
government
budget
earlier
this
week.