Bitcoin and Ethereum rebounded after Democrats won both chambers of Congress in the U.S. midterm elections. Bitcoin recovered from a six-week low, trading at $78,354 early Wednesday before rising above $80,000; Ethereum rose to $2,323 early Wednesday. The source says the bounce appeared more like a routine recovery than a trend reversal, and a rebound in U.S. stock futures made it hard to attribute the gains to the election alone.
The result is likely to make the crypto industry’s push for federal market rules harder, but it does not undo measures already secured under Trump. The Clarity Act had failed to advance in a 49–50 Senate procedural vote in September; that was not a final vote on the bill. The new Congress takes office in January 2027, and the industry would need a new legislative effort if lawmakers do not revive the bill before the current session ends.
