Odaily Planet Daily News Bitfinex analysts said that Bitcoin and the broader cryptocurrency market have been showing uncertainty and volatility since the US presidential election debate between Donald Trump and Joe Biden on Wednesday. Market analysis shows that although stock indexes have risen as inflation eased as expected, Bitcoin is still in a slump. Stocks rose slightly after the release of the personal consumption expenditures (PCE) price index data, with the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 rising 0.23%, 0.39% and 0.55% respectively. In sharp contrast, the price of Bitcoin fell below $61,000. Market participants have been closely watching inflation data to predict when the Federal Reserve will begin to cut interest rates, which is generally considered to be beneficial to long-term investment portfolios with stronger risk tolerance. (theblock)