Crypto
Bitcoin hits $80.5K as US stocks rally on midterm election results
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Cointelegraph•
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Bitcoin (BTC) returned to $80,000 at Wednesday’s Wall Street open as US stocks surged following a Democratic sweep in the midterm elections.
Data from TradingView showed BTC/USD up by over 4%, having rebounded from its lowest levels in seven weeks.
“For Bitcoin, real yields, dollar liquidity and ETP flows still carry more weight than the elections,” he wrote, referring to Bitcoin exchange-traded products.