As Harris strengthens, risk aversion has begun in the crypto market.

Crypto analysts have suggested that the US presidential debate, which fell short of expectations, has encouraged risk aversion.

As preparations for the US presidential election continue at full speed, #DonaldTrump and #KamalaHarris have faced off for the first time. While crypto was not included in the debate held the other day, Harris' increasing potential votes drew attention.

The decline in the crypto market began with the completion of the debate. The Harris-Trump match, which fell short of expectations, accelerated the outflow of money from risky assets. Hours after the debate, US markets also opened negatively.

Crypto analysts commented on what has been happening in the crypto market in the last two days.

Crypto analysts stated that the crypto decline after the US presidential debate was a "buy the expectation, sell the news" strategy.

Traders expected any candidate to speak about crypto in last night's debate. Analysts, who stated that the sales increased due to the failure to meet expectations, said that Trump's performance against Harris was also seen as inadequate.

“The US presidential debate was a news selling event compared to Trump's previous debate against Biden. People are agreeing that the debate was a loss for Trump.”

Speaking to The Block, analysts stated that Trump, who lost power against Harris, has openly supported crypto. Analysts said:

“Given the recent news about the DeFi project and his campaign promises to remove Gary Gensler, the chairman of the US Securities Exchange Commission (SEC), Trump's interest in crypto is now clear.”

BRN analyst Valentin Fournier argued that Harris is closer to an election victory and that these developments will pressure the crypto market, especially Bitcoin.