On November 4, Democrats won control of both the House and Senate in the 2026 U.S. midterm elections. Following the results, Bitcoin recovered to $78,070. Market sentiment shifted from selling pressure to a rally as the post-election political picture became clearer. Analysts suggested a Democratic sweep could lead to legislative gridlock during the final two years of the Trump administration.
The cryptocurrency reached new highs as US equities rallied and oil prices declined following the confirmation of a Democratic sweep in Congress.
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