Bitcoin jumps above $79k as Democrats sweep midterm elections

Investing.com-- Bitcoin rose on Wednesday, tracking a broader rebound in risk assets as markets welcomed some clarity on U.S. politics following a Democratic sweep of Congress in the midterm elections.

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The world's largest crypto rose 2.4% to $79,273.7 by 09:46 ET (14:46 GMT). It recovered from an over one-month low hit in the prior session.

Broader crypto prices also rose, seeing some bargain hunting after deep losses in recent weeks. Prices were also encouraged by Wall Street futures and Asian stock markets paring initial losses, especially in technology shares.

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