Trump's Debate Performance Weak, Bitcoin Price PlungesOn September 10th, local time, former US President and Republican presidential candidate Donald Trump participated in a televised debate with US Vice President and Democratic presidential candidate Kamala Harris, hosted by ABC in Philadelphia. From the outset of the debate, traders seemed to believe that Trump had not gained much ground
Trump's Debate Performance Weak, Bitcoin Price Plunges
On September 10th, local time, former US President and Republican presidential candidate Donald Trump participated in a televised debate with US Vice President and Democratic presidential candidate Kamala Harris, hosted by ABC in Philadelphia. From the outset of the debate, traders seemed to believe that Trump had not gained much ground. On the PredictIt platform, the former president's chances of winning dropped below 50%, while Vice President Harris' chances of winning climbed as high as 54%.
Meanwhile, the cryptocurrency market also reacted to Trump's debate performance. Bitcoin prices plummeted by as much as 1.3%. This suggests that the market is not optimistic about Trump's election prospects and believes he may struggle to win the election.
On the other hand, the Chinese yuan strengthened against the US dollar during the debate, gaining about 0.2%. This may be because investors are concerned about Trump's election prospects and are moving their money into relatively safe assets.
It's important to note that the market's reaction to Trump's debate performance may be just a short-term fluctuation and does not necessarily represent a long-term trend. The market may adjust in the coming days or weeks based on new information and events.
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