Asian markets and U.S. stock futures saw a downturn following the presidential debate, with Bitcoin dropping over 2% to $56,300. Dogecoin led the decline among major cryptocurrencies, while Trump-themed political finance tokens experienced significant losses and Harris-themed tokens saw gains. This indicates that market sentiment aligns with the perceived outcome of the debate, where Kamala Harris was seen to outperform Donald Trump. Bitcoin exchange-traded funds (ETFs) saw inflows for the second consecutive day. In traditional markets, futures tied to the S&P 500 and Chinese stocks also experienced losses. The Japanese yen strengthened, reflecting a risk-off sentiment. Additionally, PoliFi tokens related to Trump saw declines, while those related to Harris saw gains.
- Content Editor ( coindesk.com )
- 2024-09-11
Bitcoin Slides, Yen Gains as Trump-Harris Debate Disappoints Markets