Bitcoin briefly sinks to $75,700 as bets on a Democratic sweep rattle markets
Summary
Bitcoin momentarily dropped to $75,700 as financial markets reacted to initial U.S. midterm election results suggesting Democrats could control both legislative chambers. In addition to the downturn in the cryptocurrency, equity futures and the dollar decreased in value, whereas government bonds gained ground.
Stock futures and the dollar slid and Treasuries rallied as early U.S. midterm returns pointed to Democrats taking both chambers of Congress.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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