Bitcoin near $78,600, Ethereum at $2,300 as US midterm results put crypto regulation in focus

Bitcoin trades near the $78,000 mark on Wednesday amid institutional outflows and macroeconomic uncertainty. The cryptocurrency was trading at the $78,330 mark, and Ethereum was trading at $2,317.In the past 24 hours, Bitcoin and Ethereum were up 1.87% and 2.41%, respectively. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano gained up to 2.66%, whereas Tron was down 0.13%.Riya Sehgal, Research Analyst, Delta Exchange said early results from the November 3 US midterm elections have increased focus on Congressional control and future crypto regulation, and the outcome could influence renewed efforts to advance the CLARITY Act, which failed…