U.S. crypto stocks fall on rising bets of Harris win after presidential debate

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Bitcoin, the world’s largest cryptocurrency, was down 1.6% on Wednesday, while ether fell 2%

U.S. cryptocurrency stocks fell in premarket trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival Donald Trump on the defensive in a combative presidential debate.

Bets of win for Harris improved to 56% from 53% before the debate, while Trump’s chances slipped to 48% from 52%, according to online betting site PredictIt. The crypto market is often seen as a risky fringe business with high volatility and has drawn sharp scrutiny from the U.S. Securities and Exchange Commission, which has accused it of flouting securities laws.

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