Bitcoin Rebounds From Seven-Week Low as Democrats Win US Congress
Bitcoin recovered toward $78,000 after dipping to $75,618, its lowest since September, as markets digested a Democratic sweep of both chambers of Congress.
AfroEuropa Newsroom
AfroEuropa desk
Bitcoin recovered after sliding below $76,000 to a seven-week low, as investors weighed the outcome of the 2026 US midterm elections. According to BitKE and Cointelegraph, Democrats won control of both chambers of Congress.
The cryptocurrency briefly fell to $75,618, its lowest level since September 16, 2026, before climbing back to around $78,000. BitKE reported that the earlier sell-off was tied to concerns that a Democratic-controlled Congress could delay crypto-friendly legislation, including efforts to set a clearer regulatory framework for digital assets. The recovery followed a reassessment by investors, with analysts noting the election result had largely been priced in.
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