Followin news, on September 11, US presidential candidates Harris and Trump will have their first debate on ABC News at 9:00 this morning. Institutional analysis said that during the debate, investors can pay attention to the trend of Bitcoin to find clues about who has the upper hand. Bitcoin soared during the debate between Trump and Biden in June because Trump has turned to publicly supporting cryptocurrencies. This volatility suggests that the token can be a real-time indicator for assessing the relative performance of both sides of the debate. If Bitcoin rises, it may mean that the audience thinks Trump performed better. Harris has not yet detailed her policy stance on digital assets, but the current administration has also taken action against the cryptocurrency industry, led by the U.S. Securities and Exchange Commission. The agency added that cryptocurrency may provide clues, but it is too mysterious and erratic to be a reliable basis alone.
After the debate began, Bitcoin's gains narrowed, falling from its intraday high of $58,000 to around $57,000.
