It's Wednesday, September 11th, and this is Markets Daily hosted by me, Jen Sanassi.

On this show, we navigate the currents shaping the crypto markets, providing insights against the broader financial landscape.

So whether you're actively trading or simply fascinated by the volatility that is the crypto markets, this show is your compass to understanding what has happened, where we we are and where we're going. Good morning,

everyone. It's not such a good morning for Bitcoin and the rest of the crypto assets because they're

all down, along with crypto equities and crypto miners, riot platforms, Marathon Digital, Hot 8,

Microstrategie, Coinbase Global, all in the red this morning.

So what's influencing this downturn? Well, it's a mix of factors, but notably one of the

key drivers is the thing that everyone is talking about this morning, the debate between

Donald Trump and Kamala Harris that happened last night. Now, the debate didn't exactly inspire

confidence in the markets.

Instead, it looks like it amplified investor anxieties. Now, why this reaction to the debate?

Well, let's break it down. Crypto markets are highly sensitive to broader economic and

political uncertainties. When significant political events happen and they don't provide clear direction or

resolution, it can lead to increased volatility. Investors tend to react by moving their assets to what

they perceive as safer havens like gold or in some cases the Japanese yen. Now, you'll remember,

we talked about it on this show. The yen has gained strength recently. The anti-risk assets strengthened

to $14070 per U.S. dollar, the highest since January. You'll remember it picked up a strong

bid in late July as the Bank of Japan hiked interest rates for the first time in decades, triggering

and unwinding of the risk on yen-carried trades.

Now, how do we make sense of this market reaction?

Let's take a look at some recent news.

Bernstein recently predicted that Bitcoin could hit a price of $90,000 if former President

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