Crypto rallies as Democrats deliver midterm blow to Trump

Democrats' congressional gains could delay the CLARITY Act, but analysts say divided government may limit immediate policy changes affecting Bitcoin. Bitcoin broke above $78,000 as Democrats took control of Congress in a decisive midterm election victory that leaves President Donald Trump facing a more difficult final two years in office. Democrats scored unexpected victories across the country, flipping Senate seats in Iowa, Kansas, Texas, South Carolina and Ohio. Inflation, household financial strain and concerns over corruption were among the main issues cited by voters.