News
Bitcoin Surges to $81K After Election Uncertainty
Bitcoin surged to $81,000 after dropping to a seven-week low of $75,600 following the US midterm elections. Over $910 million in both long and short positions were liquidated in the past 24 hours, with $380 million in shorts liquidated in just one hour. The market's rapid recovery is attributed to the removal of uncertainty after the Democratic Party regained control of Congress, coinciding with positive movements in traditional markets like the S&P 500 and Nasdaq.