Bitcoin Whipsaws After Democratic Sweep: BTC Reclaims $78K

Bitcoin endured another volatile trading session as the US midterm results initially rattled risk markets and pushed the cryptocurrency to its lowest price tag in almost 7 weeks at around $75,600. Interestingly, though, this sell-off was rather short-lived, with the asset rebounding to just over $78,000 as of press time as political uncertainty faded and buyers stepped back in. As many expected, Democrats won control of both the House and the Senate in Tuesday’s midterm elections, handing President Donald Trump a divided government for the final two years of his term.