Express
U.S. Stocks And Bitcoin Fall Following A Tumultuous Presidential Debate
Summary: Bitcoin and the United States S&P 500 fell following the first of four presidential debates on Tuesday, September 29. Bitcoin had made gains on Tuesday, but lost them all following the debate and ended up 1.19% lower. The futures tied to the S&P 500 also fell 0.85%. At the time of writing Bitcoin is trading ...
Bitcoin and the United States S&P 500 fell following the first of four presidential debates on Tuesday, September 29.
Bitcoin had made gains on Tuesday, but lost them all following the debate and ended up 1.19% lower. The futures tied to the S&P 500 also fell 0.85%. At the time of writing Bitcoin is trading at $10,701 and is up 0.03%.
The uncertainty and controversy surrounding the U.S. presidential election is taking its toll on the markets as President Trump casts doubt upon the nation's democracy with allusions to widespread voter fraud.
While Bitcoin is not tied to any government and is in theory unconcerned with political events, the currency has historically been linked with stock markets. Traders holding both Bitcoin and equities may sell off their BTC to balance out equity losses.
By Emily Mason
Tags: Bitcoin,BTC,Presidential Debates
Link: U.S. Stocks And Bitcoin Fall Following A Tumultuous Presidential Debate [Copy]
