The first presidential debate between Donald Trump and Kamala Harris on September 10 did not address topics related to cryptocurrency or Bitcoin. Despite discussing the economy, the candidates focused on more traditional issues like foreign policy, immigration, and abortion rights. Before the debate, Trump held a narrow lead on Polymarket, a crypto-based prediction market, with a 53% chance of winning compared to Harris' 46%. However, following the debate, both candidates were tied at 49%, reflecting a seven-point shift. At the time of reporting, over $865 million had been wagered on the election outcome. On PredictIt, a non-crypto prediction market available in the U.S., Harris' chances rose to 56%, while Trump’s fell to 47% post-debate. Traditional betting markets also showed Harris with a slight edge. The debate seemed to have a negative effect on Bitcoin’s price, which dropped by about 3% from $58,000 to $56,100 after the event. Bitcoin's value later recovered to around $56,800. Notably, Bitcoin had previously experienced an 8% drop on September 6, when Trump held his largest lead on Polymarket. Although no direct discussions on crypto were made during the debate, market reactions suggest that investors are closely monitoring the election's potential impact on the crypto industry. Trump has expressed support for crypto, whereas Harris has not clearly articulated her stance on digital assets, and crypto remains absent from her policy documents.
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