As the 2024 US Presidential Election approaches, investors and traders are bracing for significant market volatility. Bitcoin's volatility has surged to a three-month high, with the implied volatility index rising to an annualized 63.24%. Speculators are preparing for pronounced fluctuations in Bitcoin and altcoin markets, with options trading surging as traders position for potential swings. The Federal Reserve's upcoming interest rate decision on November 7 is also contributing to the market's uncertain outlook. Asian markets have shown mixed responses, with China's benchmark index jumping 2.5% and Hong Kong's Hang Seng Index rising 2.1%. Investors are closely monitoring margins and tweaking their bets as election results begin to trickle in. Asia markets poised to open mixed ahead of Tuesday's election.