Bitcoin slipped as traders reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump, who has embraced the crypto sector.
Gary Schlossberg, global strategist of Wells Fargo Investment Institute, joins BNN Bloomberg and talks about his thoughts on the U.S. election.
The digital asset fell as much as 2.6% before paring some of the drop to trade at $56,600 as of 6:30 a.m. Wednesday in New York. In wider markets, stocks traded mixed, a dollar gauge and Treasury yields retreated, while the yen climbed. Trump was often on the defensive in the discussion as Vice President Harris peppered in lines that appeared designed to needle the Republican nominee. Pop icon Taylor Swift announced her endorsement of Harris minutes after the debate wrapped up. The odds reflected by betting markets moved in Harris’s favor in the wake of the face off on Tuesday night in Philadelphia.
Trump has pivoted to courting the digital-asset sector in search of donations and votes amid a tight race for the White House, even vowing to make the US the “crypto capital of the planet.” His stance is an about-face given that the former president previously dubbed the sector a “scam.”The Republican nominee recently put out his fourth collection of nonfungible tokens.
Pacific Rim Business Company News Elections Europe Top Europe White House General Government Industry Legal North America Politics Technology Technology Services Top News Unites States World Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Dips as Harris and Pro-Crypto Trump Clash in Debate(Bloomberg) -- Bitcoin slid as investors reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump...
Read more »
Debate Offers Both Harris And Trump Perhaps Last, Best Chance To Define HarrisS.V. Dáte is a senior White House correspondent at HuffPost. His new work, The Useful Idiot, captures Trump's failed management of the coronavirus pandemic and his corruption of the Republican Party. Dáte is the author of five novels and previous two political biographies, including one of former Florida Governor Jeb Bush.
Read more »
Trump, Harris agree to mute mics for Sept. 10 US presidential debate, Trump saysThe candidates campaigns clashed on Monday over the previously agreed-upon debate, with the vice president’s team seeking a return to open microphones
Read more »
Bitcoin price dips to $60.2k on rising geopolitical tensions, traders eye key inflation dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin dominance dips to 55%: Time for altcoins to shine?A recent slip below $60,000 triggers a decline in the Bitcoin dominance of the market, offering a slight edge to altcoins.
Read more »
Bitcoin dips below $59k as CPI aligns with forecasts, analysts remain bullishThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »