Crypto market outlook after US midterms, will Bitcoin reclaim $80,000?

The cryptocurrency market recovered from an initial selloff following the US midterm elections, as Bitcoin climbed back above $78,000 and investors turned their attention to what a Democratic-controlled Congress could mean for digital assets. Bitcoin recovered above $78,000 following the US midterm elections, while declining volatility and renewed buying activity supported a broader recovery across financial markets. CoinShares expects slower progress on US crypto legislation under Democratic control of Congress, although Bitcoin could remain less exposed to regulatory uncertainty than exchanges and token issuers.