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Bitcoin rallies to $80,000 as midterm elections boost crypto
Bitcoin rebounded to $80,000, driving a rally that lifted Ethereum, XRP, and Solana up to 6% while triggering $320 million in short liquidations. Lower oil prices and reduced political uncertainty supported the move. Morgan Stanley joined a tokenization service to digitize stocks and Treasuries, aiming for launch in early 2027. A new disclosure feed tracks congressional trades. Market commentary noted Elon Musk’s $250 million election spend and a tightening Bitcoin supply on exchanges.