The price of bitcoin (BTCUSD) and stocks tied to the popular cryptocurrency slipped following Tuesday's 澳洲幸运5官方开奖结果体彩网:presidential debate.

Bitcoin dropped sharply during the debate an🍸d remained volatile in early trading Wednesday. It fell to an intraday low 🌠of $55,534 before gaining some ground but is still trading in the red.

Cryptocurrency exchange Coinbase Global (COIN) saw its shares slide about 2% early Wednesday afternoon. Shares of MicroStrategy (MSTR), a software company that 澳洲幸运5官方开奖结果体彩网:holds more than $14 billion worth of bitcoin, slipped 1% after paring losses, while bitcoin miner Marathon Digital Holdings (MARA)ဣ was little changed after falling earlier in the🌜 session.

Prediction markets indicated a dip in expectation that 澳洲幸运5官方开奖结果体彩网:former President Donald Trump would win the election in November. Polymarket is still predicting a Trump win, but the likelihood fell from about 52% prior to the debate to roughly 50% Wednesday, while the odds of a victory for 澳洲幸运5官方开奖结果体彩网:Vice President Kamala Harris climbed. A separate CNN flash poll found that 63% of respondents believed Harris did a better job Tuesday night.

Crypto Gathering Steam on Election Trail

Cryptocurrencies were not a subject of conversation 澳洲幸运5官方开奖结果体彩网:during the debate but they ha♍ve🦋 garnered some attention on the campaign trail.

Trump, who was "not a fan" of cryptocurrencies in 2019, is now a believer. Last week, Trump vowed to make the U.S. the 澳洲幸运5官方开奖结果体彩网:"world capital" for bitcoin and cryptocurrencies if elected. In July, he spoke at the Bitcoin 2024 conference, 澳洲幸运5官方开奖结果体彩网:showing support for the digital asset.

Harris, on the other hand, has not clarified her position or shared a 澳洲幸运5官方开奖结果体彩网:policy stance around cryptocurrencies yet.