After the first televised debate between Biden and Trump, both the US dollar index and Bitcoin rose to a certain extent. The following is a detailed analysis of this phenomenon and a summary of relevant information:
Rise of the US dollar index: After the debate, the US dollar index continued its upward trend and touched 106. This rise may be affected by many factors. First, the market may think that Trump performed well in the debate, which may boost the US dollar in the short term. Second, Trump's tariff plan and promise to resolve the Russia-Ukraine conflict mentioned in the debate may also have boosted the market's confidence in the US dollar. However, some analysts pointed out that although the US dollar initially rose, its trend fell as the debate deepened. This shows that the market may be cautious about Trump's remarks and does not fully accept all of his views.
Rise of Bitcoin: At the same time, Bitcoin also rose after the debate. This may be related to Trump's mention of cryptocurrencies in the debate. Trump has always been open to cryptocurrencies and has repeatedly expressed support for digital currencies such as Bitcoin in public. This attitude may have stimulated the market's interest in Bitcoin and driven its price up. In addition, the rise of Bitcoin may also be related to the market uncertainty brought about by the debate. When major political events occur, investors tend to seek safe-haven assets, and Bitcoin, as a decentralized digital currency, has certain safe-haven properties. Therefore, after the debate, some investors may turn their funds to cryptocurrencies such as Bitcoin.
Overall market reaction: From the overall market reaction, the rise of the US dollar index and Bitcoin after the debate reflects the market's interpretation and expectations of the debate performance of the two candidates. However, whether this rise is sustainable needs further observation. It is worth noting that although Trump may have shown a certain advantage in the debate, the market's views on his policies are still divided. Therefore, in the coming months, the trend of the US dollar index and Bitcoin may be affected by more factors, including the policy positions of the two candidates, the release of economic data, and changes in the international political situation.
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