Midterm Odds Show No Significant Link to Major Crypto Asset Performance

A Nov. 2 analysis found no statistically significant relationship between U.S. midterm election odds and the performance of major crypto assets so far, despite sharply different year-end forecasts for Bitcoin (BTC) under possible election outcomes. Survey respondents placed their median year-end Bitcoin forecast at $90,800 if Republicans retain both chambers of Congress. The median was $76,450 if Democrats take both chambers and $84,100 if the parties split control. Those figures describe hypothetical outcomes, not prices observed in the market or the size of a move caused by the election.