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Bitcoin Surges 1.1% During Trump-Biden Debate Amid Predictive Market Shifts

Jun 28, 2024

Bitcoin Surges 1.1% During Trump-Biden Debate Amid Predictive Market Shifts
Bitcoin Surges 1.1% During Trump-Biden Debate Amid Predictive Market Shifts
Bitcoin Surges 1.1% During Trump-Biden Debate Amid Predictive Market Shifts

Bitcoin experienced a 1.1% surge in price during the June 27 presidential debate between Donald Trump and Joe Biden, rising from $61,439 to a peak of $62,152, before settling at $61,362 according to TradingView data. This increase coincided with Trump's enhanced odds in prediction markets, where his chances of winning the presidency rose significantly, contrasting with Biden's declining prospects due to perceived debate performance issues. Despite not being a direct debate topic, cryptocurrency emerged as a pivotal election issue, with Trump vowing to end what he termed Biden's "war on crypto" and advocating for U.S. leadership in crypto technology, contrasting Biden's cautious approach aimed at consumer and investor protection.