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Shares of Trump Media and Technology Group (DJT) are plummeting Wednesday morning, following the presidential debate between Vice President Kamala Harris and former President Donald Trump. Many viewers believe Harris emerged as the stronger performer in the debate. As a result, the stock is now hovering near its lows.
The cryptocurrency market is also feeling the impact, with bitcoin (BTC-USD) and related stocks such as MicroStrategy (MSTR) and Coinbase (COIN) on the move.
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This post was written by Angel Smith
The presidential debate is moving some stocks this morning. Let's take a look at shares of DJT. They are down pre-market by 15, nearly 16%, and at this level, it will set a new 52-week low once trading commences, which also means this will be the lowest point that shares of hit since Digital World merger with Trump Media and Technology Group was approved, giving way to the DJT ticker here. So we'll continue to track that. Also, we're tracking cryptocurrency, Bitcoin, pairing back some of the earlier losses as well. Let's take a look at Bitcoin, and ultimately, as of right now, it's up by about two-tenths of a percent. So maybe decoupling a bit from the Trump trade as of right now, we'll see. And then lastly here, let's take a look at MicroStrategy as part of the broader crypto trade as well, MSTR. Of course, you will remember, uh, Michael Saylor, who has tweeted about, uh, President Trump, former President Trump speaking at the crypto conference here, but could that decoupling continue, we'll see. MicroStrategy down 2%.
