Daily market commentary from 04.11.2020

By Patrick Heusser on 4. November 2020 Market Review

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.

Market commentary

Good Morning!

The market is still watching the election results unfold. To us at the trading desk, it looks like Trump is going to serve another term in the "hot seat".

Since the race is too close at the moment, the market is unhappy and uncertain.

Bitcoin (BTC$) is still in the upward channel.

We will post further updates throughout the day should anything noteworthy come up.

About the author

Patrick Heusser

Patrick Heusser is Head of Trading at Crypto Broker AG. Prior to joining the company, Patrick worked as an Interest Rate Trader at UBS and held various positions in the IRCC (interest rate, commodity and foreign exchange trading) in London, New York, Singapore and Zurich. Patrick is an expert in trading and risk management. He also gained experience in other areas, such as building start-up companies. Patrick has a degree in banking from a business school. He has also taken various courses in technical chart analysis.