Crypto Quill

The cryptocurrency market experienced fluctuations during the recent presidential debate between Donald Trump and Joe Biden. Here’s a breakdown of the impact:

Bitcoin’s Reaction

Bitcoin, the leading cryptocurrency, saw a 1.1% spike in price during the 90-minute debate. As Trump extended his lead over Biden in prediction markets, Bitcoin briefly reached $62,152 before settling back to $61,362 at the time of publication.

Biden’s Performance and Market Response

Biden’s performance during the debate influenced market sentiment. His odds of winning the presidency dropped, leading to a 26-point difference between him and Trump in prediction markets. Social media pundits criticized Biden’s coherency, and fact-checkers highlighted false and misleading claims made by both candidates.

Cryptocurrency as an Election Issue

Although not explicitly discussed during the debate, cryptocurrency has become a hot-button election issue. Trump vowed to end Biden’s “war on crypto,” while Biden’s record on digital assets remains less clear. The regulatory treatment of cryptocurrencies remains a topic of interest for investors and voters alike.