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?
It's really hard to see whether it was one of the factors that really push the market to $58k price point that we are seeing. There are members who said that Trump might have lost that debate and that Harris won as we can see that there is a shift in the odds. But if Trump, a pro crypto or avid Bitcoin enthusiast, lost then why is the price going up? It should be the other way around? So as much as I believed before that Trump could win and it could be good for crypto in general? I might have my doubts right now. So we will see how big this price rally because of the so called result of the debate will be. It could be just another trap or could be catching a falling knife scenario for traders. So we should still be careful of what we are seeing because of the politics in the US.