The debate between Chuanhe will start at nine, and Bitcoin has risen to 57K.

The stock market and cryptocurrency saw slight gains yesterday, with the market awaiting the U.S. presidential debate at 9 a.m. Taiwan time this morning and later inflation data.

Trump-Harris Debate to Take Place in Taiwan at 9 a.m.

The U.S. presidential election is entering its final stages, with Republican candidate Donald Trump and Democrat Kamala Harris set to engage in their first presidential debate in Taiwan at 9 a.m. on the 11th, following President Biden's withdrawal from the race.

Gemini's recent survey revealed that cryptocurrency has become a key issue in the U.S. presidential election for the first time, with 73% of cryptocurrency owners stating that candidates' positions on cryptocurrencies will influence their voting decisions.

Bernstein also believes that the U.S. presidential election could have an extreme impact on Bitcoin prices. Trump has emphasized turning the U.S. into the "capital of Bitcoin and cryptocurrencies," which could significantly benefit the crypto industry. On the other hand, Harris has not mentioned cryptocurrencies in her speeches, indicating a potentially conservative stance on crypto policies that could negatively impact the market.

Bernstein predicts that if Trump wins, BTC could reach $90,000 by year-end, while a Harris victory could see it drop to $30,000.

CPI Tonight, Key Data Before Interest Rate Decision on 9/18

Investors will closely watch the U.S. Consumer Price Index (CPI) data on Wednesday and the Producer Price Index (PPI) data on Thursday. These are important data points ahead of the Federal Reserve meeting, with a Reuters survey showing that the August CPI is expected to increase by 0.2% on a seasonally adjusted basis, remaining unchanged from the previous month.

According to CME Group's FedWatch tool, 66% of investors believe that the Fed will announce a preemptive rate cut next week, adjusting the benchmark interest rate to 5%–5.25%.

Bitcoin Rebounds to $57K

Bitcoin dropped to $52,550 over the weekend, with BitMEX co-founder Arthur Hayes stating that he had shorted the market and believed Bitcoin could fall below $50,000 during the weekend. However, he later closed his profits on Sunday. Hayes pointed out that Treasury Secretary Yellen's weekend remarks indicated that the U.S. economy remains robust, with employment data suggesting a soft landing.

Hayes believes that increased U.S. dollar liquidity will help Bitcoin rise. Bitcoin has slowly rebounded this week, reaching $57,612 at the time of writing.

Arthur Hayes: Market Funds Flow into RRP, Will BTC Fall to $50k Before Fed Rate Cut?