Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?
From this speculation, one could see that what most of these crypto gurus or experts do is just guessing. Bitcoin price is controlled by many factors, and I think the debate will have an insignificant impact. Maybe the outcome of the elections will have a bigger effect on the price. I think the CPI report contributed to the movement we saw in the market. But investors are targeting the outcome of the Feds meeting, believing that interest rates will be slashed. Maybe we might see a very bullish market if that happens.