Altcoins
Bitcoin Price Reacts to Biden-Trump Debate; Altcoins Slide Into Green Zone
President Joe Biden and former President Donald Trump got into a heated exchange in their first presidential debate of 2024 today. From in-depth discussions on abortion policies to fighting inflation and resolving global conflicts in Ukraine and Gaza, the debate took a sharp turn as both sides hurled unsavory accusations.
However, what disappointed cryptocurrency enthusiasts was their expectation of a mention of Bitcoin or cryptocurrency during the debate, only to find that those terms were completely absent. But to everyone’s surprise, the market painted a green picture and Bitcoin and most altcoins slipped into the green zones.
Bitcoin is up over 1% and is trying to reclaim $62,000 levels. The price briefly surged above $62,000 levels. Talking about altcoins, Solana emerged as the biggest gainer with gains of over 7%. Avalanche and Polkadot also recorded similar gains. Kaspa is up over 24% in the past 24 hours. Ethereum has also shown a bullish trajectory and is trading near $3500 levels.
As social media platform X is awash with opinions on the debate, analysts are already predicting what will happen. Satoshi Flipper wrote: “A Trump win would take SP500 to 6000 and $BTC to $250k IMO and it will happen. America will never forgive the Biden administration for the terror his border policies have caused American families. And the 100 million crypto population will never forgive Gary Gensler for shitting on us for 4 years. Biden doesn’t have a prayer against Trump.”
However, the MAGA (Trump) coin is down more than 14% in the last 24 hours.