Guys!! The U.S. midterm election votes are being counted, and it looks like the scenario the crypto market fears most might be coming!!!
Here are the numbers Cointelegraph is watching: a little after 8 p.m. Eastern Time, prediction markets put the odds of Democrats winning the Senate at 93%–94% (Kalshi/Polymarket), up from around 75% during the day. The House numbers are even more dramatic, at 98%–99%. BeInCrypto says Georgia’s Ossoff and Virginia’s Warner have both already won, and S&P futures fell about 0.6% in response.
Why is crypto nervous? The market is worried that if Democrats sweep both chambers, the CLARITY Act will get delayed or even have to be completely reworked, and crypto projects connected to the Trump family will face even more scrutiny!!
I just checked CoinGecko: Bitcoin is around $76,900, basically flat over 24 hours; ETH is around $2,263, up a little haha. Bitcoin briefly hit around $78,000 last night, but gave those gains back once the vote counting started～
Honestly, the market has already been pricing in this outcome for several days, so it’s not some sudden black swan!! I can live with the bill moving more slowly; real regulatory progress has always depended more on the SEC and CFTC. I’m still not chasing the rally or using leverage. If it drops to around $76,000, I’ll gradually start buying～
What do you think—if Democrats win both chambers, is the bad news already priced in for crypto, or is the bear market just getting started?
$BTC $ETH
#中期选举 #Crypto
Here are the numbers Cointelegraph is watching: a little after 8 p.m. Eastern Time, prediction markets put the odds of Democrats winning the Senate at 93%–94% (Kalshi/Polymarket), up from around 75% during the day. The House numbers are even more dramatic, at 98%–99%. BeInCrypto says Georgia’s Ossoff and Virginia’s Warner have both already won, and S&P futures fell about 0.6% in response.
Why is crypto nervous? The market is worried that if Democrats sweep both chambers, the CLARITY Act will get delayed or even have to be completely reworked, and crypto projects connected to the Trump family will face even more scrutiny!!
I just checked CoinGecko: Bitcoin is around $76,900, basically flat over 24 hours; ETH is around $2,263, up a little haha. Bitcoin briefly hit around $78,000 last night, but gave those gains back once the vote counting started～
Honestly, the market has already been pricing in this outcome for several days, so it’s not some sudden black swan!! I can live with the bill moving more slowly; real regulatory progress has always depended more on the SEC and CFTC. I’m still not chasing the rally or using leverage. If it drops to around $76,000, I’ll gradually start buying～
What do you think—if Democrats win both chambers, is the bad news already priced in for crypto, or is the bear market just getting started?
$BTC $ETH
#中期选举 #Crypto