Crypto and stocks recover after US midterm elections
Cryptocurrencies rebounded alongside stocks as Democrats won control of both US congressional houses. Bitcoin recovered to trade up 0.7 percent at 78354 dollars following earlier losses.
Cryptocurrencies rebounded on Wednesday morning following overnight losses triggered by Democratic midterm election wins that secured control of both houses of Congress in the United States. The legislative shift presents potential headwinds for digital asset deregulation previously championed by Republican allies. Bitcoin recovered to trade up 0.7% at $78,354 by midday, tracking a broader recovery in equity index futures.
