News
Bitcoin Rallies as Democrats Gain Election Momentum
Bitcoin's price has historically rallied in response to US President Donald Trump's crypto-focused policies. However, with Democrats gaining momentum ahead of the US midterm elections, investors are cautious about the potential shift in congressional power affecting Bitcoin's bullish narrative. Democrats currently hold a 93% chance of taking control of the House and a 73% chance of taking the Senate, according to Kalshi data. This has raised concerns among crypto investors about the impact of a potential shift in congressional control on Trump's influence on Bitcoin's price.