**Crypto Market Reacts to Trump-Harris Debate**
The recent debate between Kamala Harris and Donald Trump had a notable impact on the cryptocurrency market, despite the candidates not addressing tech or finance directly. Crypto traders were particularly attentive, given Trump's previous commitment to making the U.S. a "crypto capital."
**Bitcoin Dips Post-Debate**
Bitcoin experienced a significant dip, dropping over 2% to around $56,330 following the debate. Traders, viewing Trump as a pro-crypto candidate, reacted to Harris' perceived debate victory, as indicated by betting markets.
**MAGA Coin Takes a Hit**
Trump-themed cryptocurrencies, such as MAGA coin, saw a sharp decline, with prices falling over 10% after Polymarket data showed a 3% drop in Trump's election odds. This highlights the close correlation between Trump's political fortunes and certain meme coins.
**Crypto Vision Overlooked**
Crypto enthusiasts were disappointed by the absence of discussion on digital assets. Trump has pledged to end the "un-American crackdown" on crypto if re-elected, while Harris' stance remains unclear. Despite this, the debate's outcome favored Harris, with her odds improving slightly.
**Election Bets Intensify**
As the 2024 U.S. presidential election approaches, crypto traders are increasingly placing election-related bets. Platforms like Polymarket have seen significant activity, with Harris and Trump effectively tied in election odds. The crypto market will continue to respond to each new development in the race.