CandleFocus The debate came and went without a crypto mention. What now?
2024-09-11
Author: Content Editor
The recent presidential debate did not include any questions concerning cryptocurrency, disappointing some individuals in the crypto industry. The lack of discussion on this topic highlights the candidates' apparent lack of focus on crypto compared to others in the Web3 world. The market reaction to the debate resulted in a 2% dip in Bitcoin's price, although it later recovered. Trump has previously expressed support for US Bitcoin mining and made promises to make the US a leader in the crypto industry, while Harris has been quiet on the subject. Some industry executives had predicted positive movement for BTC if Trump performed well, but the odds of a Harris debate victory quickly rose according to polls. The market's attention will now turn to the Federal Reserve's interest rate decision. Overall, while the US election outcome may impact the crypto market, it may not be as significant as anticipated.
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