Bitcoin and Cryptocurrency Markets Focus on Biden-Tump Duel: These Altcoins Are on a Drop!

Bitcoin ve crypto para market, today’s US Presidential candidates are awaiting the critical debate between current president Joe Biden and cryptocurrency-friendly Republican candidate Donald Trump.

While BTC and the overall crypto market did not experience much activity before this presidential debate, policy-oriented PoliFi tokens TRUMP, TREMP and BODEN suffered significant losses.

PoliFi is the first major token in the industry TRUMP While it decreased by 0.5% in the last 24 hours to $8.33, Solana (SUN) based equivalent memecoin TREMP It is trading at $0.72, down 10.4%.

Apart from these, Joe Biden themed BODEN Memecoin continues to trade at $0.123, down 20%.

As PoliFi tokens continue to fall ahead of the presidential debate, consulting firm TS Lombard said in a note to clients on Tuesday ” If Biden underperforms his opponent, pressure from major Democratic donors to abandon his candidacy will increase. Especially now that Biden has lagged behind Trump in fundraising for the second month in a row. “ he commented.

Donald Trump in the presidential campaign while establishing closer relationships with leading figures in the crypto industry. BTC and brought cryptocurrencies to a critical position. For this reason, Stocklytics investment platform analyst Neil Roarty, who expects investors to follow this discussion closely, told CoinDesk:

“Ahead of tonight’s first presidential debate, crypto traders will be watching closely for clues about what November’s elections could mean for Bitcoin and the industry more broadly.

The consensus of the crypto community is that a Trump victory would be positive for Bitcoin and the industry.

A second Trump presidency, along with Trump’s vocal support, will likely prove to be bullish for BTC, as BTC tends to perform well during periods of political and economic uncertainty.”

*This is not investment advice.