Markets
Crypto ‘Trump Trade’ Paused as Other Factors Captivate Market (BTC, ETH)
President Joe Biden’s poor performance in a debate last week boosted Donald Trump’s prospects, his crypto-adoption opponent, to return to the White House.
So why is that Bitcoin Is Bitcoin actually lower than before the debate? And why are smaller altcoins doing even worse? Traders say the market is currently being driven by other catalysts, including the expected selloff of Bitcoin released from the estate of a failed exchange Mount Gox and “unlocks,” or distributions of additional tokens issued by smaller digital currencies.