Bitcoin drops 2% and Dogecoin leads losses as markets react to Kamala Harris' perceived victory over Donald Trump in the second presidential debate.
Following the second presidential debate between Vice President Kamala Harris and former President Donald Trump, markets reacted with a sharp downturn. Bitcoin slid over 2% to $56,300, while the yen strengthened amid a risk-off environment. The debate, where Harris was perceived to have outperformed Trump, triggered significant market movements across cryptocurrencies and traditional assets.
Key Points:
Bitcoin and Dogecoin Fall: Bitcoin (BTC) fell over 2%, with Dogecoin leading losses among major cryptocurrencies, sliding by 4%.
Debate Impact on Sentiment: The debate outcome triggered risk-off sentiment, with Asian markets and US stock futures down. Bitcoin dropped, and Trump-themed tokens plummeted.
Yen Strengthens: The Japanese yen appreciated to 140.70 against the US dollar, driven by the Bank of Japan’s interest rate hike and unwinding of yen carry trades.
Political Finance Tokens React: Trump-themed tokens saw steep losses, while Harris-themed tokens gained value, reflecting market sentiment after the debate.
Traditional Markets Dip: Futures tied to the S&P 500 lost 0.4%, and Chinese stocks dropped to a seven-month low, impacted by Trump's trade policy comments during the debate.
Related: 2024 US Congressional Elections: Crypto Industry’s War Chest Could Shape Future of Digital Assets
The second debate between Harris and Trump reverberated through the markets, leading to declines in Bitcoin, major cryptocurrencies, and Trump-related tokens. With the yen rising and traders turning risk-averse, the debate's perceived outcome has left investors on edge, as political finance tokens mirror the growing sentiment.
Source: Coindesk
留言