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Bitcoin Slips Below $76K Then Recovers Amid U.S. Midterm Elections
Bitcoin's price dropped to about $75,740 overnight before recovering to $77,000. The U.S. midterm elections saw Democrats taking control of the House and closing in on the Senate, leading to a broader market sell-off. Bitcoin's total market cap fell by about 2.9% over 24 hours to $2.58 trillion, with Ether and XRP also experiencing declines. Prediction markets projected a high likelihood of a Democratic sweep in both chambers, contributing to the market's negative sentiment.