AsianFin--Bitcoin fell as traders responded to the US presidential debate between Democratic nominee Kamala Harris and Republican contender Donald Trump, a known supporter of the crypto sector. The largest cryptocurrency declined by over 2%, trading at $56,330 as of 12:19 p.m. Wednesday in Singapore. Meanwhile, US equity futures, a dollar index, and Treasury yields all retreated, while the yen strengthened.

Bitcoin, often viewed as a "Trump trade" due to the former president's advocacy for digital assets, was in the spotlight as a potential indicator of who gained the upper hand in the debate. During the discussion, Trump frequently found himself on the defensive as Harris aimed pointed remarks at him.

Following the debate, pop star Taylor Swift announced her endorsement of Harris, and betting markets shifted in Harris's favor.