Donald Trump-linked cryptocurrencies see sharp decline after Kamala Harris debate

The cryptocurrency market witnessed a strong reaction after the debate between Donald Trump and Kamala Harris, with Trump-linked cryptocurrencies significantly affected.

Trump’s chances of winning the election decline and its impact on cryptocurrencies:

After the debate, which focused on key topics such as the economy, immigration, and foreign policy, Trump-linked cryptocurrencies experienced sharp declines.

For example, the total market cap of PolitiFi coins fell by 8.7%.

While some other cryptocurrencies were more affected, with TRUMP falling by 10% and MAGA by 22.5%, while TREMP fell by 27.5% and STRUMP by 12.3%.

On the other hand, Kamala Harris-linked cryptocurrency KAMA saw a 7.3% increase.

This volatility in cryptocurrency prices coincides with changes in the election odds on platforms like Polymarket, where Harris’s chances of winning increased by 3% after the debate, while Trump’s chances of winning decreased by the same percentage. As a result, the two candidates are now neck and neck on these decentralized platforms.