Something big happened in American politics today: the Democrats took control of both chambers of Congress.
Of course, the markets didn’t wait. The Nasdaq fell, the dollar hit a one-month low, and AI companies were hit hardest because the Democrats are threatening to impose oversight on data centers and energy consumption.
Bitcoin was affected too. As the results started coming in, it fell to a seven-week low of around 75k,7 dollars, but then rebounded above 77k and reached around 77,9k by the end of the session.
That means the market absorbed the initial shock and started reassessing things. This comes down to two factors: regulatory uncertainty on one hand, and a weaker dollar and falling bond yields on the other, which could provide liquidity support.
What happened today isn’t the end of the world or the start of a golden age. The political lever that had been wide open has simply tightened a little.
The CLARITY Act, which was nearly ready, will be delayed or renegotiated. That makes volatility the main theme for the coming period—not a one-way trend.
I think Bitcoin has once again proved that it has a solid base, but that base is being supported by liquidity and news, not legislation.
As long as there’s uncertainty, we’ll see sharp swings like the ones today.
Watch 76k as key support and 78k as the first resistance level.
If it can hold above 78 thousand, we may see some stability.
If it breaks below 76 k, the pressure could return.
A recovery needs regulatory clarity, not just election results.
$BTC
#USMidterms-WhatAreMarketsExpecting?
Of course, the markets didn’t wait. The Nasdaq fell, the dollar hit a one-month low, and AI companies were hit hardest because the Democrats are threatening to impose oversight on data centers and energy consumption.
Bitcoin was affected too. As the results started coming in, it fell to a seven-week low of around 75k,7 dollars, but then rebounded above 77k and reached around 77,9k by the end of the session.
That means the market absorbed the initial shock and started reassessing things. This comes down to two factors: regulatory uncertainty on one hand, and a weaker dollar and falling bond yields on the other, which could provide liquidity support.
What happened today isn’t the end of the world or the start of a golden age. The political lever that had been wide open has simply tightened a little.
The CLARITY Act, which was nearly ready, will be delayed or renegotiated. That makes volatility the main theme for the coming period—not a one-way trend.
I think Bitcoin has once again proved that it has a solid base, but that base is being supported by liquidity and news, not legislation.
As long as there’s uncertainty, we’ll see sharp swings like the ones today.
Watch 76k as key support and 78k as the first resistance level.
If it can hold above 78 thousand, we may see some stability.
If it breaks below 76 k, the pressure could return.
A recovery needs regulatory clarity, not just election results.
$BTC
#USMidterms-WhatAreMarketsExpecting?
