Bitcoin Holds Near $80,000 After Democratic Sweep Short Squeeze
Bitcoin traded near $80,000 after a Democratic sweep sparked a short squeeze, with $950 million in liquidations.
Bitcoin traded near $80,000 after a Democratic sweep sparked a short squeeze, with $950 million in liquidations.
Early midterm returns showing Democratic gains pushed US equity index futures lower on Globex; neither chamber's control has been called.
Early district results show swings of 10-35 points toward Democrats, and betting markets now put Democratic Senate control at 96.8%.
Early Kentucky counts in KY-06 show Republicans running well behind their past margins, with Powell County a 28.7-point swing to Democrats at 95% counted.
Kevin O'Leary says he is staying the course with Republicans ahead of the midterms, arguing the US remains the default economy for investors worldwide.
The Bitcoin Power Law links Bitcoin's long-term price to its age, and the model projects roughly $1 million in 2033.
US midterm voting has been largely disruption-free as polls close in stages; markets are focused on House and Senate control, with the S&P 500 up 0.3%.
Traders are repricing assets as Americans vote in midterm elections deciding congressional and state control.
US stock indices bounced after the Nasdaq Composite and Nasdaq 100 held their 200-day moving averages; both are now testing initial resistance levels.
Bitcoin traded around $77,500 as U.S. midterm polls opened, down about 0.6% and roughly $30,000 below a year ago, with the CLARITY Act's fate on the ballot.
Alex Piliavsky will tell brokers their next growth phase lies in existing CRM data, not new traffic, ahead of the November 24 summit.
Being right about a market call too early can be as costly as being wrong, warns a classic trading lesson.
Brokers must adapt operations as 24/7 trading expands. Offering instruments requires careful consideration of liquidity, pricing, and execution.
Polls show Democrats leading, threatening Republican control of Congress in the 2026 midterms. The outcome could affect Trump's agenda and fiscal negotiations.
The US ended daylight saving time, moving clocks back one hour, shifting Wall Street trading hours for Asia and Europe.