Bitcoin stayed above $80,000 on Thursday during a broader market recovery after Democrats secured control of both houses of Congress. CoinGecko data put bitcoin near $80,484 during the Asian morning, a 5.7% increase over 24 hours. Zcash climbed 11.7% to approximately $1,318, leading gains among the largest tokens. BTSE Chief Operating Officer Jeff Mei warned that the election outcome could hinder cryptocurrency legislation, while a Zcash community policy memo warned of greater scrutiny of financial privacy and illicit finance. Zcash's next network upgrade, NU7, is expected around Friday and will shorten the target interval between blocks from 75 seconds to 25 seconds.