Democrats Take Control of Congress as Bitcoin and XRP Rise

Democrats were projected to control both chambers of Congress after Tuesday’s midterm elections, putting the future of U.S. crypto legislation in focus as Bitcoin and XRP traded higher early Wednesday. At about 4:50 a.m. ET (09:50 UTC) Wednesday, Bitcoin (BTC) was quoted in U.S. dollars at $78,398.04, up 2.09% over 24 hours. XRP was $1.27, up 2.1% on the same rolling window. Because those 24-hour figures include trading before election calls, they do not isolate a market response to the results.