Bitcoin Drops Below $56.5K on Risk-Off Day

Bitcoin

slid
to
just
over
$56,000

after
Kamala
Harris
was
perceived
to
have
bettered
Donald
Trump
in
their
first
presidential
debate.
BTC
recovered
to
over
$56,500
during
the
European
morning,
but
remained
around
1.3%
lower
over
24
hours.
The
broader
digital
asset
market,
as
measured
by
the
CoinDesk
20
Index,
dropped
about
1%.
The
Japanese
yen
rallied
to
140.70
per
U.S.
dollar,
its
strongest
since
January,
appreciating
beyond
the
early
August
level
of
141.68
in
a
sign
of
a
move
away
from
riskier
assets.
The
yen
picked
up
a
strong
bid
in
late
July
after
the
Bank
of
Japan
hiked
interest
rates
for
the
first
time
in
decades.