Bitcoin Witnesses 11 Surge Amid Ongoing Debate as Betting Markets Show Preference for Trump Over Biden

The cryptocurrency market has seen an uptick following the recent presidential debate between Donald Trump and Joe Biden, with odds favoring Trump for the presidential seat. Despite the debate not touching on cryptocurrencies, PredictIt data shows that Trump’s odds of winning the presidential seat are surging, while Biden’s are falling. Trump has found support among the crypto community after declaring his support for the industry, receiving donations from the Winklevoss brothers and Kraken co-founder Jesse Powell. BTC is currently trading at $60,890, and market experts predict that it is poised to reach a new all-time high of $100,000 or even $200,000. Trump has promised to offer a fostering environment for the crypto industry, while the Biden administration has been accused of being anti-crypto and applying stringent regulations on the industry, hindering its growth.