In a surprising turn of events, even some of former President Donald Trump's staunchest supporters are expressing concerns over his performance in Tuesday's debate against Vice President Kamala Harris. The repercussions of this debate seem to have hit Trump Media & Technology Group, the parent company of Trump's Truth Social network, as its shares experienced a sharp decline of over 16% on Wednesday morning, reaching a record low. Although the shares did recover slightly by mid-afternoon, they still remained down by more than 12%.

Since its public debut in March, Trump Media's shares have demonstrated significant volatility, almost becoming a Wall Street weathervane for the former president's election prospects. Trump himself possesses close to 60% ownership of the company, while the remaining investors mainly consist of his fervent supporters. The declining value of Trump Media's shares reflects growing concerns among shareholders regarding the outcome of the debate between Harris and Trump.

Curiously, it is not just Trump Media shareholders who perceive Harris as having an edge in the debate. A number of widely followed stock-market indicators suggest that investors as a whole believe that the vice president has improved her chances of winning in November. This sentiment is reflected in the declining prices of Bitcoin and several cryptocurrency-related stocks, including Coinbase, on Wednesday morning. However, these prices did recover partially by mid-afternoon.

Trump's election campaign has been augmented with his support for cryptocurrencies, positioning him as a more crypto-friendly candidate. Harris has also garnered some support from crypto investors, but she has been less vocal about digital currencies compared to Trump, who reportedly has involvement in a crypto business. The fluctuation in crypto prices after the debate indicates that investors are assuaging their bets on Harris, potentially indicative of her perceived progress.

Furthermore, online bettors are also indicating a shift in favor of Harris. Users on the online betting market PredictIt raised her chances of winning to 55% by Wednesday afternoon, while Trump's chances fell to 48%. While other betting markets were relatively more reserved, a weighted average of betting markets by RealClearPolitics shows that Harris has surpassed Trump in the post-debate predictions.

As the dust settles from Tuesday's debate, it appears that the stock market and betting community have collectively reassessed the landscape of the election. Trump Media's shares took a substantial hit, suggesting concerns among shareholders about the former president's debate performance. Simultaneously, the decline in crypto prices and the shift in online betting odds indicate a growing sentiment that Harris has emerged as a stronger competitor. These indicators serve as a reflection of the evolving dynamics in the race for the November victory.