Ulasan Pasar Kripto Hari Ini, Nasib XRP dan DOGE di Tengah Pusaran Pilpres AS

The Mixed Performance of US Stock and Crypto Markets

As the end of October draws near, the US stock and crypto markets are exhibiting mixed movements. The outcomes of the US presidential election are particularly pivotal for the prices of Ripple (XRP) and Dogecoin (DOGE).

Crypto Market and Investor Sentiment

The crypto market has been highly volatile this week. Bitcoin (BTC), which reached a record high of $69,200 on Monday (October 21, 2024), has since corrected sharply to $65,400 on Thursday (October 24th). Ethereum (ETH) has followed a similar trend, dropping from $2,740 to $2,470.

US Stock Market and Investor Optimism

The US stock market has also experienced corrections, particularly in the S&P 500 and Nasdaq indices, which have declined since Tuesday (October 22nd). On Wednesday (October 23rd), the S&P 500 dropped by 0.92% and the Nasdaq by 1.6%. This decline is attributed to cautious sentiment ahead of the Fed's policy announcement and the potential impact of the US election results.

Election Impact on Crypto and Stocks

The US election is anticipated to influence both the crypto and stock markets. Potential policy changes could favor specific tech companies and cryptocurrencies.

"If the Democratic candidate, Kamala Harris, wins, XRP could potentially see a price increase due to her close association with Ripple's co-founder. Conversely, assets like DOGE may gain attention should Donald Trump emerge victorious," explained Fahmi Almuttaqin.

Investor optimism has also been influenced by third-quarter financial reports from major companies such as Tesla (TSLA), Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN), indicating resilience amid market turmoil. The strong performance of these tech giants has served as a catalyst for investors, although US stocks remain in a correction phase due to the Fed's interest rate policy.

Investment Strategies Amid Market Volatility

Given the mixed market conditions, investors are advised to adjust their investment strategies based on fundamental and technical analysis. Platforms like Reku provide the Insights feature for monitoring US stock performance, including news sentiment via Buzz Score and fundamental assessment via Quality Score. For crypto portfolios, the Portfolio Analysis feature allows investors to track average pricing, allocation, and profit/loss of their holdings.

The current volatility in the crypto and stock markets highlights the need for investors to exercise caution and prudence in their investment decisions amid global economic uncertainty.