Crypto stocks fall as bets on Harris win rise after debate, Swift support
put her Republican rival and crypto supporter Donald Trump on the defensive in a combative presidential debate.
The former president had positioned himself as a pro-bitcoin candidate whose return could mark a win for the industry that has accused the current administration of regulatory overreach.
Bets on a win for Harris improved to 56% from 53% before the debate, while Trump's chances slipped to 48% from 52%, according to online betting site PredictIt.
After the debate, pop megastar Taylor Swift said she will vote for the Democratic candidate to her 280 million followers in a post on Instagram.
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View Details» «Following the performance of Harris in the debate and perhaps Taylor Swift's endorsement, there is a slightly lower chance of a crypto-supporting Trump in the White House,» said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
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