US midterms: what it means for crypto.
Overnight $BTC dipped to about USD 75.6K, a 7-week low, and $ETH to USD 2,225. By the evening ETH was back at USD 2,449, up 10% from the low, as US stocks rallied on reduced political uncertainty.
The bigger story is regulation. Crypto, AI and gambling interests spent more than USD 377M on the races (CNBC), mostly on the losing side. Crypto-friendly laws may now move slower, and oversight may grow.
Until the rules are clear, expect volatility in both directions. Not investment advice.
Overnight $BTC dipped to about USD 75.6K, a 7-week low, and $ETH to USD 2,225. By the evening ETH was back at USD 2,449, up 10% from the low, as US stocks rallied on reduced political uncertainty.
The bigger story is regulation. Crypto, AI and gambling interests spent more than USD 377M on the races (CNBC), mostly on the losing side. Crypto-friendly laws may now move slower, and oversight may grow.
Until the rules are clear, expect volatility in both directions. Not investment advice.
