Democrats Sweep US Midterms as Bitcoin Falls Below $77k

The Democratic Party has reclaimed both chambers of Congress following U.S. midterm elections, undoing the red wave that crypto leaders battled for during the 2024 presidential election. Bitcoin’s price fell to $76,700 in the aftermath, reflecting poor sentiment over a historically hostile party to the industry’s interests. Projected results cited by NBC News late Tuesday showed Democrats winning 51 Senate seats, securing a majority, up from 45 (plus 2 independents caucused with Democrats) in the prior term.