**Cryptocurrency News:**

- Bitcoin {{BTC}} fell below $56,000 on Wednesday following the debate between Kamala Harris and Donald Trump.

- BTC climbed to $57,000 during Asian and European trading hours, but quickly fell to $55,600 after the U.S. markets opened.

- The CoinDesk 20 Index fell 2%, while altcoins solana {{SOL}}, avalanche {{AVAX}}, near {{NEAR}} and render {{RNDR}} lost 4%-7%.

- U.S. stocks also started the day lower, with the S&P 500 down 1.6% and the Nasdaq 100 down 1.3%.

- The rise in the Japanese yen to 141 per dollar may have contributed to the negative dynamics.