Trump-Harris Debate Hits Bitcoin: Investors Avoid Risk!
The increasing probability of Kamala Harris winning after the US presidential debate has triggered a risk-aversion trend in the crypto market.
The US presidential debate has fueled a risk-aversion trend in the crypto market, and analysts have evaluated this situation as a ânews sell-offâ. Following the debate, it was stated that Vice President Kamala Harrisâ chances increased in prediction markets and that she is neck and neck with Trump with a 49% probability in Polymarket.
Following last nightâs presidential debate, analysts stated that Trumpâs performance against Harris fell short of expectations, and therefore, a risk-aversion trend has increased in the markets.
Following the debate, the Bitcoin price fell by 2.6% from $57,700 to $56,100, but recovered briefly to around $56,400.
âThe US presidential debate created a news sell-off effect, with Trumpâs performance weaker than his previous debate with Biden, and the general consensus is that this is a loss for Trump,â Bitfinex analysts wrote.
