Crypto stocks drop after Harris-Trump debate
Following a recent US presidential debate between Kamala Harris and Donald Trump, US cryptocurrency shares fell.
US cryptocurrency shares fell after the recent presidential debate between Kamala Harris and Donald Trump. Harris criticised Trump, who has positioned himself as a pro-crypto candidate, while Trump promised friendlier crypto regulations if elected. Following the debate, pop icon Taylor Swift endorsed Harris, further influencing the political landscape.
Market analysts noted that while the debate didn’t directly address cryptocurrency, sentiment shifted in favour of Harris. That has created a less optimistic outlook for Bitcoin than Trump’s earlier promises of making Bitcoin a government-held asset. The crypto market remains volatile and faces regulatory scrutiny, but it has also gained mainstream attention due to backing from City institutions and key corporate figures.
As political uncertainty lingers, crypto stocks, including Riot Platforms, Marathon Digital, and Coinbase, experienced notable drops, with Bitcoin and ether also losing value. Experts anticipate continued volatility in the crypto sector until the November election.
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