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 betting markets.
The price of Bitcoin jumped as much as 1.1% as presidential hopeful Donald Trump widened the gap between him and current President Joe Biden on betting markets during the first presidential debate on CNN on the evening of June 27. Bitcoin 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.
Share prices reflecting Trump's odds on the platform spiked from around $0.53 to $0.63 within an hour, while Biden's fell sharply from $0.48 to $0.37 in the same timeframe — widening the gap between them to a 26-point difference. Speculators have downgraded Biden's chance of winning the election in the wake of the presidential debate. Source: PredictIt