Bitcoin Dips After Presidential Debate, Traders May See Harris Holding Slight EdgeSunil Jagtiani, senior editor for cryptocurrencies and digital payments, noted that Bitcoin began to pull back, falling over 1% to below $57,000, approximately 30 minutes after the start of the US presidential debate. Bitcoin has been considered a "Trump trade," as the president has publicly shown support for the digital asset industry
Bitcoin Dips After Presidential Debate, Traders May See Harris Holding Slight Edge
Sunil Jagtiani, senior editor for cryptocurrencies and digital payments, noted that Bitcoin began to pull back, falling over 1% to below $57,000, approximately 30 minutes after the start of the US presidential debate. Bitcoin has been considered a "Trump trade," as the president has publicly shown support for the digital asset industry. The coin has garnered attention as an asset that could offer real-time clues into who is gaining the upper hand in debates. The decline in Bitcoin could suggest traders believe the scales are currently tipping towards Harris.
It's important to note that Bitcoin's price is influenced by a variety of factors including market sentiment, policy changes, and technological developments. Whether this dip is entirely attributable to the debate outcome remains to be seen. However, the phenomenon undoubtedly reflects the market's sensitivity to political events and the growing prominence of digital assets as a novel investment tool.
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