Bitcoin price rebounds above $77K as Democrats sweep U.S. midterms, what’s next?

Bitcoin has recovered above $77,000 after briefly falling toward $75,700 as Democratic gains in the U.S. midterm elections raised fresh questions about cryptocurrency regulation. Bitcoin price recovered to around $77,600 after briefly falling toward $75,700 during the U.S. midterm election count. NBC News projects Democrats will control both chambers of Congress, raising questions about pending cryptocurrency legislation. Santiment reported bearish Bitcoin sentiment, with just 0.51 positive comments for every negative comment. U.S. spot Bitcoin ETFs recorded $115.56 million in net outflows on November 3, extending withdrawals from the previous trading sessions.