The Crypto Debate: What You Missed
President Joe Biden and former President Donald Trump engaged in a heated debate focusing on various national and international issues. Despite the intense discussions on topics like abortion policies, inflation, and global conflicts, the crypto community was left disappointed as there was no mention of Bitcoin or cryptocurrency during the debate. However, to everyone’s surprise, the crypto market witnessed a positive trend with Bitcoin and most altcoins showing gains.
The Bullish Market Trend ๐
- Bitcoin has surged over one percent, aiming to reclaim the $62k levels, briefly surpassing them.
- Solana emerged as the top gainer with a more than seven percent increase in value.
- Altcoins like Avalanche and Polkadot also experienced significant gains.
- Kaspa witnessed a surge of more than 24 percent in the past 24 hours.
- Ethereum showed positive movement, trading close to the $3500 mark.
The Analysts’ Predictions ๐ง
While social media platforms buzz with opinions on the debate, analysts are already speculating on the future outcomes. One analyst, Satoshi Flipper, predicts a significant market movement if Trump secures victory, foreseeing a surge in both the S&P500 and Bitcoin prices. He also criticizes the Biden administration’s border policies and expresses discontent towards Gary Gensler’s approach towards the crypto community.
On the other hand, MAGA (Trump) coin experienced a decline of more than 14 percent in the last 24 hours.
Hot Take: The Crypto Community Stays Bullish ๐
The absence of crypto discussions in the recent presidential debate did not deter the crypto market from showing positive movements. Despite the disappointment in the lack of addressing digital currency, the market painted a green picture, with Bitcoin and various altcoins registering gains. As the debate unfolds and analysts continue to speculate on potential outcomes, the crypto community remains optimistic about the future of digital assets.
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