close
close

Will the TV debate between Trump and Harris tomorrow bring about a bull run or a crash?

Will the TV debate between Trump and Harris tomorrow bring about a bull run or a crash?

Advertisement / Advertising

Bitcoin ($BTC), like the entire crypto market, seems to be in a very reasonable phase at the moment. Every sell-off is followed by a recovery, but every recovery is followed by a supposed sell-off. The fundamental situation is also extremely precarious, with Bitcoin spot ETFs having had to cope with a long series of outflows in recent days, which has only further destabilized the already shaky prices.

Most recently, weak US labor market data shocked the crypto market and led to a sell-off on Friday. But tomorrow the whole situation could change fundamentally, because 2 particularly important events a.

BTC

(The price of Bitcoin has not found a clear direction for months – Source: Tradingview.com)

Tomorrow the big TV duel between the two presidential candidates will take place

In the United States of America, TV debates during the election campaign enjoy a great deal of attention and importance. These rhetorical duels have already decided entire elections or even forced incumbent candidates to withdraw, as can be seen with Joe Biden. Therefore, tomorrow's TV debate will also be followed with great interest.

Depending on who performs well or poorly in the TV debate, the price of Bitcoin could either fall sharply or rise sharply tomorrow. Republican Donald Trump is generally considered bullish for Bitcoin, while Democrat Kamala Harris is considered bearish.

This is also confirmed by analysts at the $725 billion asset manager Alliance Bernstein. They predict a Bitcoin price of up to $90,000 by the end of the year if Trump wins the election in November, but also believe that the largest cryptocurrency could crash to $30,000 if his opponent Harris wins the election.

Inflation data could shock or boost the market tomorrow

The US inflation data could be just as important as the TV debate. These will be published tomorrow and could influence the Fed's approach to interest rate decisions next week. If inflation turns out to be rather low, this could encourage the American central bank to make an aggressive interest rate move of 50 basis points, which would cause Bitcoin to rise sharply.

Tomorrow's inflation data, as well as the TV duel, will have a significant impact on the price of Bitcoin and could finally pave the longer path out of the correction for the crypto market.

Can this meme coin benefit from the situation?

Although the whole situation is still a bit unclear and the usual recovery seems a little shaky, this could be the best time for ambitious investors to invest. Those who have the courage to buy now could end up with the highest returns.

One coin that is particularly well suited for this is Crypto All-Stars ($STARS). A revolutionary project in the ICO that is already inspiring thousands of investors. As a result, the $STARS token has already risen to almost 1.2 million US dollars due to the high demand.

Find out more about the opportunities offered by $STARS now.

STARSICO

(After just a short time in presale, $STARS was able to raise almost 1.2 million US dollars – Source: cryptoallstars.io)

Crypto All-Stars will be launched in conjunction with the MemeVault ecosystem, a unique staking contract that allows many different coins from different blockchains, such as $PEPE, $BONK, $DOGE, $SHIB and many others, to be staked in the same staking pool.

The more $STARS tokens an investor owns, the more tokens they receive as a staking reward. According to analysts, this unique concept gives $STARS the potential to increase by x50 to x100, depending on how the crypto market develops. Investors who want to be part of it still have a short time to buy the tokens cheaply in the presale.

Pre-purchase your $STARS token now.

Note: Investing is speculative. Your capital is at risk when investing. This website is not intended for use in jurisdictions where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence, so please conduct your own due diligence. This website is provided to you free of charge, but we may receive commissions from the company we feature on this website.

Related Post