Analysts at Bitfinex said that the Harris-Trump US presidential debate sparked risk aversion in the crypto market, which was a "news sell-off" event. After the debate, the safe-haven trading behavior intensified. Analysts stressed that Trump's victory is generally regarded as favorable for risk assets, including cryptocurrencies. His involvement in the cryptocurrency space is now apparent considering recent news about his DeFi project and his campaign promise to remove Securities Exchange Commission (SEC) chairperson Gary Gensler.