Bitcoin spikes as betting markets favor Trump during debate with Biden
The price of Bitcoin jumped as much as 1.1% after the presidential debate kicked off on Thursday evening, with Donald Trump extending his lead over Joe Biden in prediction markets.
The price of Bitcoin jumped as much as 1.1% during a 90-minute presidential debate between Donald Trump and Joe Biden, which saw Trump widen the gap between him and Biden on betting markets.
Bitcoin (BTC) was trading at $61,439 before the debate commenced and quickly jumped as high as $62,152 as Donald Trump and Joe Biden answered rapid-fire questions from CNN moderators. It has since fallen back to $61,362 at the time of publication, per TradingView data.
Data from prediction markets platform PredictIt showed Trump’s odds of winning the presidency surging. At the same time, Biden’s chances plummeted, as watchers noticed Biden stumbled through some answers and failed to finish some sentences throughout the debate.
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Author: Tom Mitchelhill
