#U.S. Midterm Elections: What Is the Market Expecting?
This morning, I was still counting seats: 147 House seats and 47 Senate seats had been called, and the market was still wobbling.
By noon, the news had changed: Democrats’ Senate seat count rose to 51, reaching the majority threshold. Iowa flipped, and after flipping six seats, they won control of the Senate (BlockBeats and ChainCatcher both citing the same CNN report); Trump also congratulated them and said he looked forward to working with Democrats.
$BTC is now around $77,260 (Coinglass spot price). Binance spot is up 0.5% over 24 hours, recovering from its low of around $75,924 at 11 a.m. and holding the $76,000 level. $ETH is around $2,277, up 0.9% on Binance spot over 24 hours.
My plain-English take: The vote-counting hurdle is behind us for now. The market didn’t panic and sell off; it steadied first. But this is only news from the counting stage. We’ll have to wait for the actual bills to see where regulation and fiscal policy are headed, so don’t rush to treat this as a clear signal.
What do you think: now that the Senate has flipped, will the market breathe a sigh of relief first, or wait for the jobs report before making a move?
This morning, I was still counting seats: 147 House seats and 47 Senate seats had been called, and the market was still wobbling.
By noon, the news had changed: Democrats’ Senate seat count rose to 51, reaching the majority threshold. Iowa flipped, and after flipping six seats, they won control of the Senate (BlockBeats and ChainCatcher both citing the same CNN report); Trump also congratulated them and said he looked forward to working with Democrats.
$BTC is now around $77,260 (Coinglass spot price). Binance spot is up 0.5% over 24 hours, recovering from its low of around $75,924 at 11 a.m. and holding the $76,000 level. $ETH is around $2,277, up 0.9% on Binance spot over 24 hours.
My plain-English take: The vote-counting hurdle is behind us for now. The market didn’t panic and sell off; it steadied first. But this is only news from the counting stage. We’ll have to wait for the actual bills to see where regulation and fiscal policy are headed, so don’t rush to treat this as a clear signal.
What do you think: now that the Senate has flipped, will the market breathe a sigh of relief first, or wait for the jobs report before making a move?
