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US Midterm Elections 8 Days Away; Crypto Market Watches Potential Democratic Edge

US Midterm Elections 8 Days Away; Crypto Market Watches Potential Democratic Edge

  • Polymarket bettors expect a high probability that Democrats will control both the House and the Senate.
  • If Democrats control both chambers of Congress, a stronger dollar, downward pressure on Bitcoin (BTC) prices and greater uncertainty over digital-asset regulation could follow, the report said.
  • By contrast, if Democratic control of Congress eases geopolitical tensions in the Middle East, it could become a positive driver for Bitcoin prices through lower global oil prices, easing inflation pressures and a weaker dollar.

Forecast Trend Report by Period

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Photo: Shutterstock
Photo: Shutterstock

With eight days left until the US midterm elections, attention is also turning to how the result could affect the…

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